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  3. on october 1 eder fabrication borrowed 70 million and issued...

Question: on october 1 eder fabrication borrowed 70 million and issued...

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To Invoice or Not Operations Management SCMS 3510 M50 Google 1.00 points Brief Exercise 13-1 Bank loan; accrued interest [LO13-2] On October 1, Eder Fabrication borrowed $70 million and issued a nine-month, 6% promissory note. Interest was payable at maturity. Prepare the journal entry for the issuance of the note and the appropriate adjusting entry for the note at December 31, the end of the reporting period. (If no entry is required for a transaction/ovent, select No journal entry required in the first account field. Enter your answers in whole dollars.) view transaction list view general journal Journal Entry Worksheet Record the issuance of the note. Debit Credit Event General Journal *Enter debits before credits record entry
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