Issuing Notes Payable} On June 30, Carmean Corp. borrows ($ 250,000) from CIBC with an 8 -month,

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Issuing Notes Payable}
On June 30, Carmean Corp. borrows $\$ 250,000$ from CIBC with an 8 -month, $7 \%$ note.
\section*{Required:}
What journal entry is made on June 30 ?
\section*{Cornerstone Exercise

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 10, 2024 01:02 AM

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Issuing Notes Payable} On June 30, Carmean Corp. borrows ($ 250,000) from CIBC with an 8 -month,

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Cornerstones Of Financial Accounting

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