5- Notes Payable (10points) On October 1, RK Management Company borrows a $80,000, 7.5%, 10-month...
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5- Notes Payable (10points) On October 1, RK Management Company borrows a $80,000, 7.5%, 10-month note payable 1. What is the journal entry when the note is issued? 2. What is the journal entry at December 31 when the interest is accrued? 3. What is the journal entry when the note is repaid
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