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26. A business issued a 120-day, 6% note for $20,000 to a creditor on account. The company uses a 360-day year for interest calculations. Journalize
26. A business issued a 120-day, 6% note for $20,000 to a creditor on account. The company uses a 360-day year for interest calculations. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Use the table below to answer the above question (a) (b) Journal Debit Credit
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