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Watunga County Bank agrees to lend Hoffman Granite Company $600,000 on January 1. Hoffman Granite Company signs a $600,000, 8%, 9-month note. What is the

Watunga County Bank agrees to lend Hoffman Granite Company $600,000 on January 1. Hoffman Granite Company signs a

$600,000, 8%, 9-month note. What is the adjusting entry required if Hoffman Granite Company prepares financial statements on

June 30?

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