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Greener Pastures Corporation borrowed $1,600,000 on November 1, 2021. The note carried a 12 percent interest rate with the principal and interest payable on June

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Greener Pastures Corporation borrowed $1,600,000 on November 1, 2021. The note carried a 12 percent interest rate with the principal and interest payable on June 1, 2022. (a) The note issued on November 1. (b) The interest accrual on December 31. Required information [The fonowwig intanngtion apples to the questions displayed belowe] Greener Pastures Coiporation boriomed $5,600,000 on November 1, 2021. The note carrled a 12 percent intesest rate w th the principal and interest paryable on lune , 2022 (a) The note issued on Novertiber 1 (b) The interest accrual on Decernber 3 t. Indicate the effects of the amounts for the above tansactions. (Enter ony decreoses to assets, Babilities, or stockholders equity with a minus sign. Do not round intermediste colculetions.) 8) Answer is not constete

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