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On November 7, 2016 Smithview Bank lent $440,000 to Andrews Retail Shop on a 90 day, 7% note. Required: Record the entry on the date

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On November 7, 2016 Smithview Bank lent $440,000 to Andrews Retail Shop on a 90 day, 7% note. Required: Record the entry on the date of the loan What is the maturity date of the loan Record the adjusting entry on December 31, 2016 Record the receipt of payment of the loan on maturity date

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