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Borrowed $ 1 5 , 0 0 0 cash from the local bank by issuing a note. Recorded accrued interest. Then note was issued on

Borrowed $15,000 cash from the local bank by issuing a note. Recorded accrued interest. Then note was issued on March 1,2015, for a one-year term and had an interest rate of 9%(see Event 3).

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