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On April 30, Longshore Corp borrows $7,500 from Jones Financing, signing a 90-day, 8%, $7,500 note. What is the journal entry made by Longshore Corp
On April 30, Longshore Corp borrows $7,500 from Jones Financing, signing a 90-day, 8%, $7,500 note. What is the journal entry made by Longshore Corp to record the payment of the note on the maturity date? (Use 360 days a year.)
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