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On September 15, SkateWorld borrowed $86,000 cash from a bank by signing a 6%, 60-day note payable. Prepare SkateWorlds journal entry to record the issuance
On September 15, SkateWorld borrowed $86,000 cash from a bank by signing a 6%, 60-day note payable.
- Prepare SkateWorlds journal entry to record the issuance of the note payable.
- Prepare SkateWorlds journal entry to record the payment of the note at maturity.
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