Question: John and Robert borrowed $ 1 3 , 2 0 0 on a 7 - month, 5 % note from Gem State Bank to open

John and Robert borrowed $13,200 on a 7-month, 5% note from Gem State Bank to open their business, Crane's Coffee House. The money was borrowed on June 1,2025, and the note matures January 1,2026.
Prepare the entry on January 1,2026 when the loan is paid back
John and Robert borrowed $13,200 on a 7-month, 5% note from

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