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Larkspur Music School borrowed $31,800 from the bank signing a 6%, 6-menth note on November 1. Principal and interest are payable to the bank on

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Larkspur Music School borrowed $31,800 from the bank signing a 6\%, 6-menth note on November 1. Principal and interest are payable to the bank on May 1 . If the company prepares monthly financial statements, What adjusting entry should the company make at November 30 with regard to tho note (round answer to the nearest dollar)? (List all debit entries before credit entries. Credit account fitles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts)

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