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please help! question #5 On November 1, 2018, the company borrowed $50,000 from a local bank and signed a note. Principal and Interest at 8%

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question #5 On November 1, 2018, the company borrowed $50,000 from a local bank and signed a note. Principal and Interest at 8% will be paid on October 21, 2019. Prepare the necessary adjusting journal entries at December 31, 2018, assuming the company prepares adjusting entries every month. If no entry is needed, simply type: No entry needed. 26:58

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