Question: On November 1, 2022, Miller Web Services borrowed $100,000 from Big Bank. The loan plus interest is to be repaid on January 1. 2023. The

On November 1, 2022, Miller Web Services borrowed $100,000 from Big Bank. The loan plus interest is to be repaid on January 1. 2023. The interest rate on this bank loan is 6%. Prepare all entries associated with the above transaction, assuming Miller prepares monthly adjusting entries and pays the loan plus interest on tha due date.

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