On November 1, 2021, Sadie's borrows $230,000 from a local bank and signs a note. The note

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On November 1, 2021, Sadie's borrows $230,000 from a local bank and signs a note. The note requires interest to be paid annually beginning on August 1, 2022 at 12%. Principal and interest are due in annual installments over the next five years.

What's is the journal entry ?

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ISBN: 9780321755933

12th Edition

Authors: James T. McClave, Terry T Sincich

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Posted Date: Jan 29, 2024 07:17 AM

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On November 1, 2021, Sadie's borrows $230,000 from a local bank and signs a note. The note

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Here is the journal entry for Sadies loan on November 12021 Date November 1 ... View the full answer

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