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Entries for Discounted Note Payable A business issued a 90 -day note for $39,000 to a bank. The note was discounted at 8%. Assume a

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Entries for Discounted Note Payable A business issued a 90 -day note for $39,000 to a bank. The note was discounted at 8%. Assume a 360 -day year: a. Jeurnalise the entry to record the issuance of the note. If an amount bor does not require an entry, leave st blank. If necessary, round to nitarest whole doilar. b. Joumalize the entry to record the payment of the note at maturity, If an amount box does not require as entry, leave is blank

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