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On April 1, Online Travel issues $12 million of commercial paper with a maturity on...

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Accounting

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On April 1, Online Travel issues $12 million of commercial paper with a maturity on December 31 and a 8% interest rate. Record the issuance of the commercial paper and its repayment at maturity. If noe ntry is required for a transaction/event, select"No journal entry required" in the first account field. Enter your answers in dollars, not in millions.) View transaction list Import a new list Record the issuance of the commercial paper. 1 Record the repayment of commercial paper. 2 Credit Note:journal entry has been entered Record entry Clear entry View general journal

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