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Notes On August 1 , Wilshire Company borrowed $ 1 5 0 , 0 0 0 from People's National Bank on a 1 - year,

Notes

On August

1,

Wilshire Company borrowed $

150, 000

from People's National Bank on a

1 -

year,

8 %

note. What adjusting entry should Wilshire make at December

31 ?

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