Assume the same facts as in SE 4, except that interest of 51 ,000 is included in
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Assume the same facts as in SE 4, except that interest of 51 ,000 is included in the face amount of the note and the note is discounted at the bank on August 3 1 . Prepare the following entries in journal form: (1) August 31, recording of note; and (2) October 30, payment of note and recording of interest expense. SE-5
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