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On November 1, 2025, Wildhorse Company borrowed $24000 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, Wildhorse Company borrowed $24000 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 credit to Cash for $24000. a debit to Interest Expense for $600. a debit to Interest Expense for $207. a credit to interest Payable for $400

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