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Exercise 9-13 (Part Level Submission) On May 2, McLain Company lends $27,000 to Chang, Inc issuing a 6 month, 8% note. At the maturity date,

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Exercise 9-13 (Part Level Submission) On May 2, McLain Company lends $27,000 to Chang, Inc issuing a 6 month, 8% note. At the maturity date, November 2, Chang ind ates that it can t pay (a) Your answer is correct. Prepare the entry to record the issuance of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS SHOW

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