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On November 30. ABC corporation borrows $70,000 from the bank by signing a 60 day, 8% note agreement. Round values to 2 decimal places. a)

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On November 30. ABC corporation borrows $70,000 from the bank by signing a 60 day, 8% note agreement. Round values to 2 decimal places. a) Calculate the maturity date of the note. Select an answer a . . b) Calculate the interest that should be accured on this note at December 31st and write the journal entry to record the accrual. Date Description .- Debit Credit :i 1:] DD to accrue interest on note to bank R c) Write the journal entry required on the maturity date of the note assuming ABC corporation pays as agreed. Date I Description Debit Credit Maturity Date HHHU HUGH UHDU to record the payment of the note at maturity

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