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Question 1 : On June 1 st , 2 0 2 2 Gadget Co . purchases a machine worth $ 1 7 5 , 0

Question 1: On June 1st,2022 Gadget Co. purchases a machine worth $175,000 by borrwoirg a $200,000 note they have to pay back in 5 months.
There is no interest attached to the note.
Make the following journal entries:
The purchase date journal entry.
The entry to record payment in full of the note:
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