On June 30, Carmean Inc. borrows $250,000 from 1st National Bank with an 8-month, 7 percent note.

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On June 30, Carmean Inc. borrows $250,000 from 1st National Bank with an 8-month, 7 percent note.

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What journal entry is made on June 30?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Question Posted: Sep 22, 2015 03:03 AM

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On June 30, Carmean Inc. borrows $250,000 from 1st National Bank with an 8-month, 7 percent note.

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Cornerstones of Financial and Managerial Accounting

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