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N. Bondage Company borrowed $125,000 on October 2, 2021 by issuing a note payable for 120 days at 7%. N. Bondage Company has a calendar

N. Bondage Company borrowed $125,000 on October 2, 2021 by issuing a note payable for 120 days at 7%. N. Bondage Company has a calendar year end and does not make reversing entries.

REQUIRED:

Make the following journal entries:

1. The issuance of the note on October 2, 2021.

2. Adjusting entry on December 31, 2018

3. The payment of the note on __________? (Provide date and entry)

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