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orrows $30,000 ity date. Oi 20X3 income tax lem IV. On December 1, 20X3, WyCo, a calendar year company, borrow a 6-month, 8% note payable.

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orrows $30,000 ity date. Oi 20X3 income tax lem IV. On December 1, 20X3, WyCo, a calendar year company, borrow a 6-month, 8% note payable. The interest is payable at the ma the amount borrowed, $6,000 will be used to pay WyCo's 20X3; when it files a return in 20X4. Another portion of the loan will part of WyCo's weekly payroll of $12,000 for the last week of th loan will go to pay veek of the year. Wyca rkweek and payday is Friday. What adjusting entrie WyCo record on Tuesday, December 31, 20X3

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