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Required Information [The following Information applies to the questions displayed below.] Greener Pastures Corporation borrowed $1,700,000 on November 1, 2021. The note carrled a 9

image text in transcribedimage text in transcribed Required Information [The following Information applies to the questions displayed below.] Greener Pastures Corporation borrowed $1,700,000 on November 1, 2021. The note carrled a 9 percent Interest rate with the principal and Interest payable on June 1, 2022. (a) The note Issued on November 1. (b) The Interest accrual on December 31. 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, Ilabillties, or stockholders equlty with a minus sign. Do not round Intermedlate calculations.) Required Information [The following information applies to the questions displayed below.] Greener Pastures Corporation borrowed $1,700,000 on November 1, 2021. The note carrled a 9 percent Interest rate with the principal and Interest payable on June 1, 2022. (a) The note Issued on November 1. (b) The Interest accrual on December 31. Prepare the journal entrles related for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Requlred" In the flrst account fleld. Do not round Intermedlate calculations.) Journal entry worksheet Greener Pastures Corporation borrowed $1,700,000 on November 1, 2021. The note carried a 9 percent interest rate with the principal and interest payable on June 1,2022 . Record the borrowing of $1,700,000. Note: Enter debits before credits

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