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On November 1, 2024, Survival Training Corporation borrows $54,000 cash from Community Savings and Loan. Survival Training signs a three-month, 7% note payable. Interest is

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On November 1, 2024, Survival Training Corporation borrows $54,000 cash from Community Savings and Loan. Survival Training signs a three-month, 7% note payable. Interest is payable at maturity. Survival's year-end is December 31. Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the issuance of note. Journal entry worksheet 1 Record the adjusting entry for interest. Note: Enter debits before credits. ember 1, 2024, Survival Training Corporation borrows $54,000 cash from Commur three-month, 7% note payable. Interest is payable at maturity. Survival's year-end is ed: Record the necessary entries in the Journal Entry Worksheet below. (If no entry is I ction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the repayment of the note and payment of interest at maturity. Note: Enter debits before credits

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