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On December 1, 2023, a company borrowed $18,000 from a bank for 3 months at 5% interest per vein. The company hos December 31 year

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On December 1, 2023, a company borrowed $18,000 from a bank for 3 months at 5% interest per vein. The company hos December 31 year end. Required: Using the blank journal entry grid, or a blank piece of paper, record the fournat entries for the folk whet three credit. - Dec 1, 2023 borrowing of the funds from the bank - Dec 31, 2023 accrual of interest at year-end - Feb 28, 2024 payment in full of the loan SHOW ALL WORK to receive credit, Include descriptions for your joumal entries, Also include the im Liabilities. Stockholders Equity. Revenue and Expense accountsafter each accoint in cich jouma intry properly answer this question is below. Note: this example is NOT one of the jouma citrict for the three

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