Business, 12.03.2021 15:10, rubyhart522

Wygant Corporation borrowed $290,000 on October 1 last year. The note carried a 12% interest rate with the principal and interest payable on May 1 this year. Prepare the journal entry to record the following descriptions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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Wygant Corporation borrowed $290,000 on October 1 last year. The note carried a 12% interest rate wi...