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ABC Company took out a $500,000,12%, six-month note payable on November 1st,2022. The principal and interest are due on May 1st,2023. a. What journal entry

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ABC Company took out a $500,000,12%, six-month note payable on November 1st,2022. The principal and interest are due on May 1st,2023. a. What journal entry should ABC record on November 1st,2022 related to the note? b. What adjusting entry should ABC record on December 31st,2022 related to the note? c. What journal entry should ABC record when they repay the principal and pay the full amount of interest due on May 1st,2023

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