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On August 1, 20X1, Critical Investing Inc. borrows $349,000 by signing an eight-month, zero-interest, $367,000 note. What should be the journal entry to record the

On August 1, 20X1, Critical Investing Inc. borrows $349,000 by signing an eight-month, zero-interest, $367,000 note. What should be the journal entry to record the notes repayment on March 31, 20X2 (assume a December 31 year-end date)?

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