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The entry used to journalize the issuance of a discounted note for the purpose of borrowing funds for the business isa.debit Cash and Interest Payable

The entry used to journalize the issuance of a discounted note for the purpose of borrowing funds for the business isa.debit Cash and Interest Payable and credit Notes Payableb.debit Accounts Payable and credit Notes Payablec.debit Notes Payable and credit Cashd.debit Cash and Interest Expense and credit Notes Payable

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