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[The following information applies to the questions displayed below.] On November 1, Year 1, Noble Co. borrowed $120,000 from South Bank and signed a 12%,

[The following information applies to the questions displayed below.]

On November 1, Year 1, Noble Co. borrowed $120,000 from South Bank and signed a 12%, six-month note payable, all due at maturity. The interest on this loan is stated separately.

At December 31, Year 1, the adjusting entry with respect to this note includes a:

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