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On October 1, Eder Fabrication borrowed $70 million and issued a nine-month promissory note. Interest was discounted at issuance at a 6% discount rate. December

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On October 1, Eder Fabrication borrowed $70 million and issued a nine-month promissory note. Interest was discounted at issuance at a 6% discount rate. December 31, the end of the reporting period. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Record the issuance of the note. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal

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