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3 required journal entries: 1. Record the issuance of the note payable on Jan 01, 2021 2. Record the first payment on Jan 31, 2021.

image text in transcribed 3 required journal entries:

1. Record the issuance of the note payable on Jan 01, 2021

2. Record the first payment on Jan 31, 2021.

3. Record the second payment on Feb 28, 2021.

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