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June 30 Interest Expense 120,000 Notes Payable 80,000 Cash 200,000 Paid $120,000 of interest and $80,000 to reduce the balance of the note payable
June 30 Interest Expense 120,000 Notes Payable 80,000 Cash 200,000 Paid $120,000 of interest and $80,000 to reduce the balance of the note payable
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