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On October 1 , 2 0 2 4 , Pastina signed a $ 5 4 , 0 0 0 note that requires interest to paid

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On October 1,2024, Pastina signed a $54,000 note that requires interest to paid annually on September 30 at 12% and will have principal due in 10 years. Prepare the necessary adjusting entry on December 31,2024.
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