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On November 1, 2024, Survival Training Corporation borrows $57,000 cash from Community Savings and Loan. Survival Training signs a three-month, 6% note payable. Interest is
On November 1, 2024, Survival Training Corporation borrows $57,000 cash from Community Savings and Loan. Survival Training signs a three-month, 6% note payable. Interest is payable at maturity. Survivals 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.)
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