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Wasatch Company signs a $50,000, 8%, 6-month note on September 1, 2021 to borrow money from the bank. The journal entry made by Wasatch on

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Wasatch Company signs a $50,000, 8%, 6-month note on September 1, 2021 to borrow money from the bank. The journal entry made by Wasatch on September 1, 2021 will: decrease assets and increase current liabilities. increase assets and increase current liabilities. increase assets and increase long-term liabilities increase assets and decrease current liabilities

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