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On October 1,2026 a company purchased merchandite inventory for $45,000 by signing a note paryable The note is for 9 montles and bears interest at

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On October 1,2026 a company purchased merchandite inventory for $45,000 by signing a note paryable The note is for 9 montles and bears interest at a rate of fxs Propare the journal entries for the following transactions 1. Purchase of the merchandise on October 1,2026 2. Accual of interest on December 31, 2026 3. Payment of the note at maturity on May 31, 2027 Explanations are not needed Show all work to recelve partial credit. If you plan to sabmit sctap paper, phease type "sciap papes" in the box bekw

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