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Posted on Sep 03, 2024

On October 1 , Eli's Carpet Service borrows 1 2 5 , 0 0 0 from First Bank on a 3 - month, 1 2

On October

1,

Eli's Carpet Service borrows

125, 000

from First Bank on a

3 -

month,

125, 000, 8 %

note. What entry must Eli's Carpet Service make on December

31

before financial statements are prepared?

Select one alternative:

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