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Journal entry worksheet (1) (2.) (4) (5) 6 7 Johnson's borrowed $288,000 at a(n)9 percent annual interest rate on April 1 of the current year

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Journal entry worksheet (1) (2.) (4) (5) 6 7 Johnson's borrowed $288,000 at a(n)9 percent annual interest rate on April 1 of the current year to expand its boat storage facility. The loan requires Johnson's to pay the interest quarterly until the note is repaid in three years. Johnson's paid quarterly interest on July 1 and October-1

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