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On October 1, Ken's Painting Service borrows $50000 from National Bank on a 3-month, $50000, 4% note. The entry by Ken's Painting Service to record

On October 1, Ken's Painting Service borrows $50000 from National Bank on a 3-month, $50000, 4% note. The entry by Ken's Painting Service to record payment of the note and accrued interest on January 1 is

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