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ABC Company engages in the following events: y now and 1. ABC borrows cash at the local bank and signs a note. plies for 2.

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ABC Company engages in the following events: y now and 1. ABC borrows cash at the local bank and signs a note. plies for 2. ABC pays cash to buy 10 acres of land. 3. ABC paid the advertising bill for the month per $50 The journal entry to record the 3rd event entails:

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