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The Jingle Corporation had the following situations on December 2 0 2 4 . On August 3 1 , 2 0 2 4 , Jingle

The Jingle Corporation had the following situations on December

2024 .

On August

31, 2024,

Jingle borrowed $

70, 000

from a local bank. A note was signed with principal and

6 %

interest to be paid on August

31, 2025 .

Prepare the necessary adjusting entries at its year

-

end of December

31, 2024

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