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The Stan Still Stationery Store borrows $300,000 on January 1, and signs an 8%,9-month note. It does not accrue any interest on the note during

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The Stan Still Stationery Store borrows $300,000 on January 1, and signs an 8%,9-month note. It does not accrue any interest on the note during the year. When The Stan Still Stationery Store pays off the notes payable and makes any required interest payment on September 30, the journal entry will include a debit to for , and a credit to for

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