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On March 1, Concord Company borrows $83,000 from New National Bank by signing a 6-month, 6%, interest-bearing note. Prepare the necessary entries below associated with

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On March 1, Concord Company borrows $83,000 from New National Bank by signing a 6-month, 6%, interest-bearing note. Prepare the necessary entries below associated with the note payable on the books of Concord Company. Prepare the entry on March 1 when the note was issued. (Credit account titles are automatically indented when the amount Date Account Titles and Explanation Debit Credit March 1 Date Account Titles and Explanation Debit Credit Sept. 1

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