Question: On November 1 , 2 0 2 4 , Aviation Training Corporation borrows $ 6 0 , 0 0 0 cash from Community Savings and

On November 1,2024, Aviation Training Corporation borrows $60,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 7% note payable. Interest is payable at maturity. Aviations year-end is December 31.
Required:
1. to 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.)

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