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On March 9, XYZ Company gave ABC Company a 60-day, 12% promissory note for $3,200. Record the journal entry for the issuance of the note

On March 9, XYZ Company gave ABC Company a 60-day, 12% promissory note for $3,200. Record the journal entry for the issuance of the note and for the collection of the note and interest

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