Question: a) Record note payable. (LO 1) AP Rabbitt Enterprises borrows $60,000 from LowLand Trust Co. on July 1, 2017 signing a 4%, one-year note payable.

a) Record note payable. (LO 1) AP Rabbitt Enterprises borrows $60,000 from LowLand Trust Co. on July 1, 2017 signing a 4%, one-year note payable. Interest is to be paid at maturity. Prepare journal en...

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