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Herbert Company lends Newton Company $30,000 on April 1, accepting a four-month, 9% interest note. Herbert Company prepares financial statements on April 30. What adjusting

Herbert Company lends Newton Company $30,000 on April 1, accepting a four-month, 9% interest note. Herbert Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared?

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