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Awesome Company borrowed $20,000 on November 1, 2019, by signing a $20,000, 9%, 3-month note from PNC Bank. The funds were used to purchase equipment

Awesome Company borrowed $20,000 on November 1, 2019, by signing a $20,000, 9%, 3-month note from PNC Bank. The funds were used to purchase equipment in January 2020. Prepare Awesome's November 1, 2019, entry and the December 31, 2019, annual adjusting entry

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