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On October 12, 2020, Lily Demore borrows. Money from Casa Bank to purchase inventories. A $10,000, six-month, 6% note payable is issued. What is the

On October 12, 2020, Lily Demore borrows. Money from Casa Bank to purchase inventories. A $10,000, six-month, 6% note payable is issued.

What is the journal entry to record the transaction?

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