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ABE11-2 Hanna Company borrows $90,270 on July 1 from the bank by signing a $90,270, 11%, one-year note payable. Prepare the journal entry to record

ABE11-2 Hanna Company borrows $90,270 on July 1 from the bank by signing a $90,270, 11%, one-year note payable. Prepare the journal entry to record the proceeds of the note. Date Description Debit Credit July 1

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