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4 of 10) A company issued a note payable in the amount of $80,000. Prepare the general journal entry. DEBIT: Common Stock for $80,000; CREDIT:

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4 of 10) A company issued a note payable in the amount of $80,000. Prepare the general journal entry. DEBIT: Common Stock for $80,000; CREDIT: Note Payable for $80,000 DEBIT: Note Payable for $80,000; CREDIT: Equity for $80,000 DEBIT: Note Payable for $80,000; CREDIT: Cash for $80,000 DEBIT: Cash for $80,000; CREDIT: Note Payable for $80,000

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