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On October 1, 2020 Sue's Carpet Service borrows $125,000 from the Bank on a 3-month, $125,000, 8% note. What entry must Sue's Carpet Service make

On October 1, 2020 Sue's Carpet Service borrows $125,000 from the Bank on a 3-month, $125,000, 8% note. What entry must Sue's Carpet Service make on December 31 before financial statements are prepared? Interest Payable..... 2,500

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