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1. On July 1, the Ahlungslos Corporation signs a $12,500 240 day promissory note at 5% annual interest, payable on February 28th. What is the

1. On July 1", the Ahlungslos Corporation signs a $12,500 240 day promissory note at 5% annual interest, payable on February 28th. What is the journal entry it makes on July 1st to record receipt of these funds? Note the dates. Dig

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