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ABC Groceries has an 8% APR Note Payable of $50,000. It was issued on October 1, and the duration is 6 months. Today is December

ABC Groceries has an 8% APR Note Payable of $50,000. It was issued on October 1, and the duration is 6 months. Today is December 31. What is the adjusting entry? Make sure to indent credits.

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