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On December 15, Year 1 Fox Company borrowed $50,000 cash from Walnut Bank on a 90-day, 9% note payable. Prepare Fox's general journal entry to

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On December 15, Year 1 Fox Company borrowed $50,000 cash from Walnut Bank on a 90-day, 9% note payable. Prepare Fox's general journal entry to record the issuance of the note payable. What is the total interest paid when the note is due? Prepare Fox's general journal entry to record the accrued interest due at December 31, Year 1. Prepare Fox's general journal entry to record the payment of the note on March 15, Year 2. Edit View Insert Format Tools Table 12pt Paragraph

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