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What entry will Grimwood Brick Corporation make to pay off

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Question - Lyon County Bank agrees to lend Grimwood Brick Corporation $200,000 on January 1. Grimwood signs a $200,000, 4%, 9-month note. Interest is due at maturity.

What entry will Grimwood Brick Corporation make to pay off the note and interest at maturity assuming that interest has been accrued to September 30?

Reference no: EM132848906

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