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Exercise 10-3 (Part Level Submission) On June 1, Ivanhoe Company Ltd. borrows $39,000 from Acme Bank on a 6-month, $39,000, 8% note. The note matures
Exercise 10-3 (Part Level Submission) On June 1, Ivanhoe Company Ltd. borrows $39,000 from Acme Bank on a 6-month, $39,000, 8% note. The note matures on December 1. (a) Prepare the entry on June 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 1 Click if you would like to Show Work for this question: Open Show Work
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