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Required Information [The following information applies to the questions displayed below) Greener Pastures Corporation borrowed $1.050.000 on November 1, 2018. The note carried a 8

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Required Information [The following information applies to the questions displayed below) Greener Pastures Corporation borrowed $1.050.000 on November 1, 2018. The note carried a 8 percent interest rate with the principal and interest payable on June 1. 2019. (The note issued on November 1. ( The interest accrual on December 31. 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, llableles, or stockholders equity with a minus sign. Do not round Intermediate calculations.) Assets Stockholders' Equity Interest Expense 1.000.000 Liabilities Notes Payable (short-term) Interest Payable (a) Cash (b) 21.000 1.060,000 21,000

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