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Greener Pastures Corporation borrowed $1, 80,0000 on November 1 2015. The note carried a percent interest rate with the principal and interest payable on June
Greener Pastures Corporation borrowed $1, 80,0000 on November 1 2015. The note carried a percent interest rate with the principal and interest payable on June 1 2016. The note issued on November 1. The interest accrual on December 31. Indicate the effects of the amounts for the above transactions. (Enter any decreases to account balances with a minus sign. Do not round intermediate calculations.) eBook: Explain how to account for common types of current liabilities, Prepare the journal entries related for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.)
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