Question: Exercise 8-2A Record notes payable (LO8-2) On November 1, 2021, Aviation Training Corp. borrows $56,000 cash from Community Savings and Loan. Aviation Training signs a

Exercise 8-2A Record notes payable (LO8-2) On November 1, 2021, Aviation

Training Corp. borrows $56,000 cash from Community Savings and Loan. Aviation Training

signs a three-month, 6% note payable. Interest is payable at maturity. Aviation's

year-end is December 31. Required: 1.-3. Record the necessary entries in the

Exercise 8-2A Record notes payable (LO8-2) On November 1, 2021, Aviation Training Corp. borrows $56,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 6% note payable. Interest is payable at maturity. Aviation's year-end is December 31. Required: 1.-3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet

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