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Borrowed 7 5 , 0 0 0 on March 1 , 2 0 2 3 , from Downtown Bank as a long - term loan.

Borrowed

75, 000

on March

1, 2023,

from Downtown Bank as a long

-

term loan. The interest rate on the loan is

5 %

and interest for the year is payable on Jan

1, 2024 .

how do i journalise and adjusterd trial balance

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