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RV Company borrowed $50,000 on August 1, 2021 by signing a 12%, 9-month note. Record the following entries. 1) Record the entry at the inception

RV Company borrowed $50,000 on August 1, 2021 by signing a 12%, 9-month note. Record the following entries. 1) Record the entry at the inception of the note, August 1, 2021. Account 2) Record any necessary entries on December 31 to accrue interest. Account DR 3) Record the payment of the note at maturity. Account

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