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Question 15 of 20 Page Question 15 (1 point) On August 1, Droid Co, borrowed $80,000 from Simpli Financial. The loan had an interest rate

Question 15 of 20 Page Question 15 (1 point) On August 1, Droid Co, borrowed $80,000 from Simpli Financial. The loan had an interest rate of 7% and was due in 60 days. Prepare the Journal entry for Droid Co. to record the

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