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Record the following note payable transactions of the Kettle Company in the companys general journal. Explanations are not required. 2019 May 1 Purchased equipment costing

Record the following note payable transactions of the Kettle Company in the companys general journal. Explanations are not required.

2019

May 1 Purchased equipment costing $28,000 by issuing a one-year, 4% note payable.

Dec 31 Accrued interest on the note payable.

2020

May 1 Paid the note payable at maturity

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