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On October 31, Brian's Company borrowed $60,000 from PNC Bank on a 1-year, 5% notes payable. If the company's fiscal year ends as of December

On October 31, Brian's Company borrowed $60,000 from PNC Bank on a 1-year, 5% notes payable. If the company's fiscal year ends as of December 31, what is the journal entry Brian should make related to these notes payable? (account name: notes payable, interest expense, interest payable, cash)

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