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On October 1, Eder Fabrication borrowed $94 million and issued a nine-month, 12%, promissoy note. Interest was payable at maturity. Prepare the journal entry for

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On October 1, Eder Fabrication borrowed $94 million and issued a nine-month, 12%, promissoy note. Interest was payable at maturity. Prepare the journal entry for the issuance of the note and the appropriate adjusting entry for the note at 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 View journal entry worksheet No Event Debit Credit General Journa Cash 94,000,000 Notes payable 94,000,000 2 Interest expense

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