Yorktown Supply Company borrowed $88,500 on October 12, 2023, by issuing a note payable for...
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Yorktown Supply Company borrowed $88,500 on October 12, 2023, by issuing a note payable for 90 days at 6%. The company's year-end date is December 31, 2023, and they do not make reversing entries. Record journal entires for the following (6 marks): a) the issuance of the note on October 12, 2023 b) the adjusting entry on December 31, 2023 c) the payment of the note on ___________
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