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9-1B - Short-Term Note Payable On May 31, 2024, Anderson Co. borrowed $100,000 and signed a note promising to pay back the principal plus 2.4%

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9-1B - Short-Term Note Payable On May 31, 2024, Anderson Co. borrowed $100,000 and signed a note promising to pay back the principal plus 2.4% (annual) interest after eight months. The company's fiscal-year end is November 30. Required: Assuming the company makes the repayment as agreed, record all journal entries and adjustments required for the

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