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Define chart of accounts for exact wording of account titles

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Reference no: EM131750987

A business issued a 45-day, 4% note for $180,000 to a creditor on account.

Journalize the entries to record (a) the issuance of the note on January 1 and (b) the payment of the note at maturity, including interest.

Assume a 360-day year. Refer to the Chart of Accounts for exact wording of account titles.

Reference no: EM131750987

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