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On November 1, Hawaiian Cruise Lines borrows $3.1 million and issues a six-month, 9% note payable. Interest is payable at maturity. Record the issuance of

On November 1, Hawaiian Cruise Lines borrows $3.1 million and issues a six-month, 9% note payable. Interest is payable at maturity. Record the issuance of the note and the appropriate adjusting entry for interest owed by December 31, the end of the reporting period

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