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Record the issuance of the note and the appropriate

Question - On November 1, Vacation Desinations borrows $1.5 million and issues a six-month, 8% note payable. Interest is payable at maturity. Record the issuance of the note and the appropriate adjusting entry for interest expense at December 31, the end of the reporting period.

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Accounting Basics: Record the issuance of the note and the appropriate

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