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Entries for discounted note payable A business issued a 120 -day note for $42,000 to...

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Accounting

image Entries for discounted note payable A business issued a 120 -day note for $42,000 to a bank. The note was discounted at 9%. Assume a 360 days in a year. a. Journalize the entry to record the issuance of the note. If an amount box does not require an entry, leave it blank. If necessary, round your answers to one decimal place

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