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Question 4 10 p On October 1, 2019, Seattle Grace Hospital borrowed $820,000 from Chase Bank. The loan has a 12-year term and a 5%

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Question 4 10 p On October 1, 2019, Seattle Grace Hospital borrowed $820,000 from Chase Bank. The loan has a 12-year term and a 5% interest rate. The agreement for the loan is that you will make payments every six months. Record the journal entry for the original loan transaction on October 1, 2019. DATE DESCRIPTION DEBIT CREDIT 10/01/19 Record the journal entry on December 31, 2019, to recognize the interest accrued. DATE DESCRIPTION DEBIT CREDIT 12/31/19 Edit View Insert Format Tools Table 12pt Paragraph B IUA 2 Tv EI 178 | Pr| Ai P W

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