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On October 1,2012,Archer Sales Borrows $100,000 by Signing a Note \begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}

Question 85

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On October 1,2012,Archer Sales borrows $100,000 by signing a note payable.The note is for 6 months and bears interest at a rate of 9%.Archer properly accrued interest at the end of 2012.Please provide the journal entry made at the end of March,2013 when Archer settles the note.
\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}

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Calculations: $100,000 + ($10...

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