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Marin Music School borrowed $39,000 from the bank signing a 6%,6-month note on November 1. Principal and interest are payable to the bank on May

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Marin Music School borrowed $39,000 from the bank signing a 6%,6-month 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 the note (round answer to the nearest dollar)? (Credit occount titles 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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