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On 7/1, the Knight's Stop took out a loan in the amount of $35,000 from Fairwinds Credit Union and signed a 9 month promissory note.

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On 7/1, the Knight's Stop took out a loan in the amount of $35,000 from Fairwinds Credit Union and signed a 9 month promissory note. What entry should Knight's Stop record on 7/1? (Select ALL that apply) Credit Accounts Payable for $35.000 Debit Cash for $35.000 Credit Long-term Notes Payable for $35.000 Credit Short-term Notes Payable for $35.000 Debit Accounts Payable for $35,000 Credit Cash for $35.000 Debit Short-term Notes Payable for $35.000 Debit Long-term Notes Payable for $35.000

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