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On November 1, 2020 Strand corp borrowed $240,000 from the bank at 5% interest. Strand corp has a calendar (12/31st) year-end. It isa 90 day

On November 1, 2020 Strand corp borrowed $240,000 from the bank at 5% interest. Strand corp has a calendar (12/31st) year-end. It isa 90 day note

REQUIRED: account for the transactions on 11/1/20, 12/31/20 and 1/31/21

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