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(LO 8) On November 1, Alan Company signed a 120-day, 9% note payable, with a face value of $42,000. Alan made the appropriate year-end accrual.

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(LO 8) On November 1, Alan Company signed a 120-day, 9% note payable, with a face value of $42,000. Alan made the appropriate year-end accrual. What is the journal entry as of March 1 to record the payment of the note assuming no reversing entry was made? (Use 360 days a year.)

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