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On January 1, 2019, Cervera Company borrowed $100,000 from the local bank. The note is payable in equal installments over five years. Write the journal

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On January 1, 2019, Cervera Company borrowed $100,000 from the local bank. The note is payable in equal installments over five years. Write the journal entry to record the note payable. How much of the note payable would be considered current on January 1, 2019? Date Account Title and Explanation Debit Credit

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