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On December 11, 2021, The Lucky Charms Co, borrowed $42,000 and signed a 60-day, 5.5% note payable. Required: 1. Prepare the journal entry to record

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On December 11, 2021, The Lucky Charms Co, borrowed $42,000 and signed a 60-day, 5.5% note payable. Required: 1. Prepare the journal entry to record the accrued interest on December 31, 2021

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