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need an answer, please Udala Uke's had the following transactions involving notes payable. July 1, 2021 Borrows $50,000 from First National Bank by signing a
need an answer, please
Udala Uke's had the following transactions involving notes payable. July 1, 2021 Borrows $50,000 from First National Bank by signing a nine-month, 8% note. Nov. 1, 2021 Borrows $60,000 from Interprovincial Bank by signing a three-month, 6% note. Dec 31, 2021 Prepares annual year-end adjusting entries. Feb. 1, 2022 Pays principal and interest to Interprovincial Bank. Apr. 1, 2022 Pays principal and interest to First National Bank Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when the amount is enStep by Step Solution
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