Prepare the entry to record the issuance of the note

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On May 2, Oriole Company lends $11,200 to Chang, Inc., issuing a 6-month, 6% note. At the maturity date, November 2, Chang indicates that it cannot pay.

Problem 1: Prepare the entry to record the issuance of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Reference no: EM132726242

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