On October 1, Jerry's Carpet Service borrows $250,000 from First National Bank on a 3-month, $250,000,...

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On October 1, Jerry's Carpet Service borrows $250,000 from First National Bank on a 3-month, $250,000, 8% note. 4. What entry must Jerry's Carpet Service make on December 31st before financial statements are prepared? On October 1, Jerry's Carpet Service borrows $250,000 from First National Bank on a 3-month, $250,000, 8% note. 4. What entry must Jerry's Carpet Service make on December 31st before financial statements are prepared?

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On December 31st before the financial statements are prepared Jerrys Carpet Service needs to make an ... View the full answer