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On July 1, 2019. Golden Corporation borrowed $200.000 and signed a note providing for 10% interest. The principal and interest are due in one year
On July 1, 2019. Golden Corporation borrowed $200.000 and signed a note providing for 10% interest. The principal and interest are due in one year on June 30, 2020. The annual accounting period ends December 31. The books are adjusted only at year-end. Prepare the required journal entry at July 1, 2019 and December 31, 2019 for the above item
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