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  3. wisconsin bank lends local furniture company $100,

Wisconsin Bank lends Local Furniture Company $100,000 on November 1. Local Furniture Company signs a...

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Question

Accounting

Wisconsin Bank lends Local Furniture Company

$100,000

on November 1. Local Furniture Company signs a

$100,000,

33%,

4month

note. The fiscal year end of Local Furniture Company is December 31. The journal entry made by Local Furniture Company on December 31 is:

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