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Required information Skip to question [The following information applies to the questions displayed below.] Eskimo Joes, designer of the worlds second best-selling T-shirt (just behind
Required information Skip to question [The following information applies to the questions displayed below.] Eskimo Joes, designer of the worlds second best-selling T-shirt (just behind Hard Rock Cafe), borrows $20.6 million cash on November 1, 2021. Eskimo Joes signs a six-month, 9% promissory note to Stillwater National Bank under a prearranged short-term line of credit. Interest on the note is payable at maturity. Each firm has a December 31 year-end. 3. Prepare the journal entry on April 30, 2022, to record payment of the notes payable at maturity
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