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Posted on Aug 05, 2024

Perfect systems borrow $ 9 4 , 0 0 0 cash on May 1 5 , 2 0 1 1 , by signing a 9

Perfect systems borrow $

94, 000

cash on May

15, 2011,

by signing a

90

day,

10 %

notes.

Required: journal entries to record:

.

Issuance of the note.

. 8

Payment of the note at maturity

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