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Upland Company borrowed $40,000 on November 1, 2014, by signing a $40,000, 9%, 3-month note. Prepare Upland's November 1, 2014 entry, the December 31, 2014,
Upland Company borrowed $40,000 on November 1, 2014, by signing a $40,000, 9%, 3-month note. Prepare Upland's November 1, 2014 entry, the December 31, 2014, annual adjusting entry, and the February 1, 2015 entry.
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