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The transaction below pertains to Boyer Coe Company, whose fiscal year ends December 31. on November 1, 2020 Coe borrowed $25,000 at 8 percent for

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The transaction below pertains to Boyer Coe Company, whose fiscal year ends December 31. on November 1, 2020 Coe borrowed $25,000 at 8 percent for 6 months. The entry to record the November 1 borrowing transaction would include a A Credit to notes payable for $24,000 B. Debit to cash for $25.000 Debit to cash for $24,000 D. Credit to notes payable for $1,000

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