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9-1A-Short-Term Note Payable On September 1, 2024, Taylor Inc. borrowed $30,000 and signed a note promising to pay back the principal plus 6% (annual)
9-1A-Short-Term Note Payable On September 1, 2024, Taylor Inc. borrowed $30,000 and signed a note promising to pay back the principal plus 6% (annual) interest after nine months. The company's fiscal-year end is January 31. Required: Assuming the company makes the repayment as agreed, record all journal entries and adjustments required for the note.
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
6th edition
0-07-786223-6, 101259095592, 13: 978-0-07-7, 13978125909559, 978-0077862237
