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Tate Company purchased equipment on November 1, 2012 and gave a3-month, 9% note with a face value of $40,000. The December 31,2012 adjusting entry is

Tate Company purchased equipment on November 1, 2012 and gave a3-month, 9% note with a face value of $40,000. The December 31,2012 adjusting entry is a. debit Interest Expense and creditInterest Pa 2 answers

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