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On November 1, 2025, Sheridan Company borrowed $24700 from the High Country Bank, signing a 10%, 90 -day note. Assuming the company's year-end is December

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On November 1, 2025, Sheridan Company borrowed $24700 from the High Country Bank, signing a 10\%, 90 -day note. Assuming the company's year-end is December 31 , the January 30,2026 journal entry to record payment of the note will include a debit to Interest Expense for $618. a debit to Interest Expense for \$213. a credit to Cash for $24700. a credit to interest Payable for $412

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