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On September 1, Concord's Painting Service borrows $157000 from National Bank on a 6 -month,...

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Accounting

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On September 1, Concord's Painting Service borrows $157000 from National Bank on a 6 -month, $157000,4% note. The entry by Concord's Painting Service to record payment of the note and accrued interest on January 1 is Notes Pryable 157000 Interest Payable 3140

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