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A business issued a 4 5 - day note for $ 8 0 , 0 0 0 to a creditor on account. The note was

A business issued a 45-day note for $80,000 to a creditor on account. The note was discounted at 5%. Assume a 360-day year.
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a. Journalize the entry to record the issuance of the note. If an amount box does not require an entry, leave it blank.
a.
Accounts Payable
Interest Expense
Notes Payable

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