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On December 1, Gilman corporation borrowed $20,000 on a 90-day, 65% note. Prepare the entries to record the issuance of the note, the accrual of

On December 1, Gilman corporation borrowed $20,000 on a 90-day, 65% note. Prepare the entries to record the issuance of the note, the accrual of interest at year end, and the payment of the

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