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3 on November 1st, Llyod's Mopeds borrowed Cash from Mockingbird Bank and signed a $9,000, 90-day, 8% Note Payable. Required (20 POINTS): A. Prepare Llyod's

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3 on November 1st, Llyod's Mopeds borrowed Cash from Mockingbird Bank and signed a $9,000, 90-day, 8% Note Payable. Required (20 POINTS): A. Prepare Llyod's journal entry to record the initial borrowing and issuance of the Note Payable. B. Prepare Llyod's journal entry to record any adjustment on December 31st. C. Prepare Lloyd's journal entry to record the payment of the Note Payable on February 1 of the following year. ho PROBLEM 3 SOLUTION

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