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Thomas Company took out a loan on July 1, 2025, and issued a 12-month note at 4% interest with a face value of $400,000. Thomas

Thomas Company took out a loan on July 1, 2025, and issued a 12-month note at 4% interest with a face value of $400,000. Thomas accrues interest at its December 31, 2025 year-end.

Required: Create the year-end adjusting journal entry for 12/31/25

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