Company a and company b each borrow 2400 from the bank, Financial Accounting

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Company a and company b each borrow 2400 from the bank

Company A and Company B each borrow $2,400 from the bank. Company A signed a 90-day, 10% note. Company B signed a 120-day, 9% note. How will each of these companies record these events in their respective general journals on the day the money was borrowed?

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Financial Accounting: Company a and company b each borrow 2400 from the bank

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Financial Accounting: Company a and company b each borrow 2400 from the bank

Reference No:- TGS01590286

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