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a. (On your accounting books) What is the journal entry to recognize a note (a loan) where you received cash and you incurred a long-term

a. (On your accounting books) What is the journal entry to recognize a note (a loan) where you received cash and you incurred a long-term obligation? Date Accounts DR CR xx To recognize long term loan b. (On your accounting books) What is the journal entry to recognize the first accumulation of unpaid interest? Date Accounts DR CR xx To recognize interest accumulated

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