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Blossom Corporation borrowed $60200 on October 1, 2025, by signing a $62050, 3-month, zero-interest-bearing note payable. The journal entry to record the issuance of the
Blossom Corporation borrowed $60200 on October 1, 2025, by signing a $62050, 3-month, zero-interest-bearing note payable. The journal entry to record the issuance of the note will include O a debit to Interest Expense for $1850. O a credit to Cash for $62050. O a debit to Discount on Notes Payable for $1850. Oa credit to Notes Payable for $60200
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