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Question 18 (6 points) On March 1, Holden Corporation borrowed $60,000 from Old York Bank by signing a 6- month, 5%, interest-bearing note. Interest is

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Question 18 (6 points) On March 1, Holden Corporation borrowed $60,000 from Old York Bank by signing a 6- month, 5%, interest-bearing note. Interest is due at maturity. Holden Corporation wishes to prepare interim financial statements for the 6 months ending June 30. Required: Record all the necessary entries associated with the note payable on the books of Holden Corporation from the date of borrowing to when the note matures and is paid

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