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BE13-4 Commercial Paper branch Corporation issued $12 million of commercial paper on March 1 on a nine-month note. Interest was discounted at issuance at a

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BE13-4 Commercial Paper branch Corporation issued $12 million of commercial paper on March 1 on a nine-month note. Interest was discounted at issuance at a 9% discount rate. Prepare the journal entry for the issuance of the commercial paper and its repayment at maturity No General Journal Credit Debit Date March 1 1 2 3

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