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QUESTION
On november 1, 2014, chancellor co. borrowed $80,000 from state bank and signed a 12%, six-month note payable, all due at maturity. the interest on this loan is stated separately. at december 31, 2014
On november 1, 2014, chancellor co. borrowed $80,000 from state bank and signed a 12%, six-month note payable, all due at maturity. the interest on this loan is stated separately. at december 31, 2014, the adjusting entry for this note includes a:
