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West County Bank agrees to lend Mason Builders Company $400,000 on January 1. Mason Builders company signs a $400,000, 6%, 5-month note. Mason Builders Company

West County Bank agrees to lend Mason Builders Company $400,000 on January 1. Mason Builders company signs a $400,000, 6%, 5-month note. Mason Builders Company has a March 30th year end. Prepare the journal entries for the:

a) issuance of the note

b) adjusting entry

c) repayment of note

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