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On July 1st, 2024, Blue Limited received an 18-month lorn for $352000 from a bank at 6% and with these funds and another $98000 cash,
On July 1st, 2024, Blue Limited received an 18-month lorn for $352000 from a bank at 6% and with these funds and another $98000 cash, purchased land for $450000. Prepare the journal entries to record each of the following on Blues Books. Payment of interest due on January 1st, 2026
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