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A business issued a 30-day 4 note for 60000 to a creditor

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A business issued a 30-day; 4% note for $60,000 to a creditor on account. Illustrate the effects on the accounts and financial statements of recording:

a. The issuance of the note and

b. The payment of the note at maturity, including interest.

Reference no: EM13598402

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