Refer to PE 3-3. Make the journal entry necessary to record the transaction. Data from PE 3-3

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Refer to PE 3-3. Make the journal entry necessary to record the transaction.

Data from PE 3-3

Allendorf Company used $30,000 in cash to repay a portion of its bank loan (see PE 3-1). For simplicity, assume that there is no interest on the loan.

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Accounting concepts and applications

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Question Posted: Dec 30, 2011 03:24 AM

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Refer to PE 3-3. Make the journal entry necessary to record the transaction. Data from PE 3-3

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