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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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