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med ok int ances On October 1, Dutta Incorporated borrowed $73 million and issued a nine-month promissory note. Interest was discounted at issuance at
med ok int ances On October 1, Dutta Incorporated borrowed $73 million and issued a nine-month promissory note. Interest was discounted at issuance at a 7% discount rate. Prepare the journal entry for the issuance of the note and the appropriate adjusting entry for the note at December 31, the end of the reporting period. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. View transaction list Journal entry worksheet 2 Record the issuance of the note. Note: Enter debits before credits Event 1 General Journal Debit Credit Recordantes Clearantos Mair conacal Joumal.
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