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1 . Company XYZ issued a 6 0 - day short - term note payable with a face value of $ 2 0 , 0

1. Company XYZ issued a 60-day short-term note payable with a face value of $20,000 and an interestrate of 8%. Record the journal entry for the issuance of the note assuming it was issued at adiscount of 2%.

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