On December 11, 2021, Harry's business borrowed $36,000 and signed a 60-day, 4% note payable....
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Accounting
On December 11, 2021, Harry's business borrowed $36,000 and signed a 60-day, 4% note payable.
Question: Prepare the journal entry to record the payment of the note on February 9, 2021. Round all calculations to two decimal places. (Interest was accrued on the note payable of 78.90 on December 31, 2021, which represented 20 days of interest from December 11 to December 31)
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