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Business, 28.07.2019 22:00 hellicuh

On july 1, rainbow painting service borrows money from eighth national bank on a 8-month, $40,000, 5% note. interest and principal is all due on february 28. assuming any prior monthly journal entries were not made, what journal entry must rainbow painting service make on december 31 before financial statements are prepared?

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On july 1, rainbow painting service borrows money from eighth national bank on a 8-month, $40,000, 5...
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