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Wygant Corporation borrowed $210,000 on October 1 last year. The note carried a 11% interest rate with the principal and interest payable on May 1
Wygant Corporation borrowed $210,000 on October 1 last year. The note carried a 11% interest rate with the principal and interest payable on May 1 this year Prepare the journal entry to record the following descriptions (if ne 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 note on October 1 Norter des before credit General Journal Debit Credit Octobrol Clear entry Viewoneral journal Journal entry worksheet Record the accrued interest on December 31. Note: Enter debits before credits Date General Journal Debit Credit December 31 Record entry Clear entry View general journal
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