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Camsung Company borrowed $ 1 0 0 , 0 0 0 from a bank on October 1 , 2 0 1 3 , at 1

Camsung Company borrowed $

100, 000

from a bank on October

1, 2013,

10 %

interest. The interest and principal are due on October

1, 2014 .

Prepare the journal entry on october

1, 2013,

December

31, 2013

and October

1, 2014 .

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