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2. Assume the face value of the note equals $175,000, the principal of the loan. (a) Prepare the journal entry to record issuance of the

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2. Assume the face value of the note equals $175,000, the principal of the loan. (a) Prepare the journal entry to record issuance of the note. View transaction list Journal entry worksheet Record the issuance of the note. Note: Enter debits before credits. Debit Credit Date General Journal May 15 Record entry Clear entry View general journal

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