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Record the journal entry on september

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Reference no: EM132465928

The Holtby Company purchased equipment from the Fleury Company in exchange for a $6,000 notes payable on September 1, 20x1. The note is to paid in 90 days with an interest rate of 10%. Assume a 360-day year.

QUESTION:

Question 1: Record the journal entry on September 1, 20x1.

Reference no: EM132465928

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