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Prepare the required adjusting journal entries as of 12/31/2016 for Sakeena Company On October 1, 2016, Sakeena Co. borrowed $60,000 from a local bank. A

Prepare the required adjusting journal entries as of 12/31/2016 for Sakeena Company

On October 1, 2016, Sakeena Co. borrowed $60,000 from a local bank. A note was signed with principal and 8% interest to be paid on March 31, 2017.

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