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f . Notes Payable This is a short - term note. The company borrowed money from JRT Investments on October 3 1 , Y 6

f. Notes Payable
This is a short-term note. The company borrowed money from JRT Investments on October 31,
Y6 for 3 months. The principal, along with interest is to be repaid on January 31, Y7. The
interest rate is 3.60%. Note there is no tab in the excel file for this item. Use the journal entry
tab to make any necessary calculations.

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