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Takemoto corporation borrowed on 1 november 2010

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1. Takemoto Corporation borrowed $60,000 on November 1, 2010, by signing a $61,350, 3-month, zero-interest-bearing note. Prepare Takemoto's November 1, 2010, entry; the December 31, 2010, annual adjusting entry; and the February 1, 2011, entry. 

Reference no: EM131115476

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