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On May 2, Kingbird Company lends $9,900 to Chang. Inc. issuing a6-month, 12% note. At the maturity date, Nevember 2, Chang indicates that it cannot

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On May 2, Kingbird Company lends $9,900 to Chang. Inc. issuing a6-month, 12% note. At the maturity date, Nevember 2, Chang indicates that it cannot pay. (a) Prepare the entry to record the issuance of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Accoint Titles and Explanation Debit Credit May 2 Click if you would like to Show Work for this question: Open Show Work

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