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Exam question TRUMP Entertainment company started operations in February 1, 2020. On that day, the company borrowed $20,000 from the U.S. government at a 6%

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TRUMP Entertainment company started operations in February 1, 2020. On that day, the company borrowed $20,000 from the U.S. government at a 6% annual interest rate. The loan plus interest is due in two years. The company makes the financial statements at the end of December 2020. A journal entry that the company should record at the end of December 2020 would

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