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On Nov, 1, 2021, Lakeway Co, borrowed $80,000 cash from the bank for 6 -months at 6% interent. Gaknwoy made the appropriate calendaryear accruals on
On Nov, 1, 2021, Lakeway Co, borrowed $80,000 cash from the bank for 6 -months at 6% interent. Gaknwoy made the appropriate calendaryear accruals on December 31,2021 . The entry for payment of the riote at mafurity is: Note Payable Interest Expense Cash Note Payable Cash Note Payable Interest Expense Cash
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