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On November 1 , 2 0 2 4 , Survival Training Corporation borrows $ 4 6 , 0 0 0 cash from Community Savings and
On November Survival Training Corporation borrows $ cash from Community Savings and Loan. Survival Training signs a threemonth, note payable. Interest is payable at maturity. Survivals yearend is December Required:
Record the issuance of note.
Record the adjusting entry for interest
Record the repayment of the note and payment of interest at maturity.
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