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Greener Pastures Corporation borrowed $1,250,000 on November 1, 2015. The note carried a 9 percent interest rate with the principal and interest payable on June

Greener Pastures Corporation borrowed $1,250,000 on November 1, 2015. The note carried a 9 percent interest rate with the principal and interest payable on June 1, 2016. (a) The note issued on November 1. (b) The interest accrual on December 31.

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