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Current Attempt in Progress Romez Limited borrowed $57,600 from National bank on July 1 for three months; 5% interest is payable the first of each

Current Attempt in Progress Romez Limited borrowed $57,600 from National bank on July 1 for three months; 5% interest is payable the first of each month, starting August 1. Romez's year end is August 31 and the company records adjusting entries only at that timeimage text in transcribed

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