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Journalize the entries to record the issuance of the note

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Reference no: EM132558971

Question - A business issued a 45-day 10% note for 255,000 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 accountsfor exact wording of account tittles.

Reference no: EM132558971

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