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Helix Co. entered into the following transactions involving short-term notes payable. On May 14 , Helix signed a 60-day, $30,000 note bearing 8% annual interest.
Helix Co. entered into the following transactions involving short-term notes payable. On May 14, Helix signed a 60-day, $30,000 note bearing 8% annual interest. Helix Co. paid the amounts due on the maturity date.
Record the journal entry on May 14.
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