On January 1, 2024, Nantucket Ferry borrowed $15,500,000 cashfrom BankOne and issued a five-year, $15,500,000, 5% note.

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On January 1, 2024, Nantucket Ferry borrowed $15,500,000 cashfrom BankOne and issued a five-year, $15,500,000, 5% note. Interestwas payable annually on December 31. Prepare the journal entriesfor b 2 answers

Posted Date: May 22, 2024 05:09 AM

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On January 1, 2024, Nantucket Ferry borrowed $15,500,000 cashfrom BankOne and issued a five-year, $15,500,000, 5% note.

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