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value 9.00 points Stinson Company recently agreed to loan an employee $130,000 for the purchase of a new house. The loan was executed on May

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value 9.00 points Stinson Company recently agreed to loan an employee $130,000 for the purchase of a new house. The loan was executed on May 31, 2015, and is a one-year, 5 percent note, with interest payments required on November 30.2015, and May 31, 2016. Stinson issues quarterly financial statements on March 31, June 30 September 30, and December 31 Required: 1. Prepare the journal entry that Stinson will make when the note is established. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the receipt of a note on May 31, 2015 for a $130,000 loan to an employee. Note: Enter debits before credits. Date General Journal Debit Credit May 31, 2015 Record entry Clear entry View general journal

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