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Question 5 Prepare the necessary journal entries for the following transactions: On September 1, Draper Company borrowed $180,000 from Dixion County Bank on a 6-month,
Question 5 Prepare the necessary journal entries for the following transactions: On September 1, Draper Company borrowed $180,000 from Dixion County Bank on a 6-month, 8% note. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS On December 31, Draper Company accrued interest (assume adjusting entries are only made at the end of the year). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work
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