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ABC Company borrows $10,000 from Bank of America on 8/1/2021 for 6 months at 8% interest. Record the entry on 12/31/2021 and the entry made

ABC Company borrows $10,000 from Bank of America on 8/1/2021 for 6 months at 8% interest. Record the entry on 12/31/2021 and the entry made at maturity when the note is paid

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