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Hay Day Corporation borrowed $50,000 on October 1, 2020, by signing a $50,000, 8%, 12-month note. Prepare Hay Day Corporations: October 1, 2020 entry December

Hay Day Corporation borrowed $50,000 on October 1, 2020, by signing a $50,000, 8%, 12-month note. Prepare Hay Day Corporations:

October 1, 2020 entry
December 31, 2020 adjusting journal entry
October 1, 2021 entry

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