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    Fundamental Accounting Principles
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    Exam 2: Current Liabilities
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    On August 1,Droid Co
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On August 1,Droid Co

Question 64

Question 64

Essay

On August 1,Droid Co.borrowed $80,000 from Simpli Financial.The loan had an interest rate of 7% and was due in 60 days.Prepare the journal entry for Droid Co.to record the note.

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