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On October 1, Sam's Painting Service Borrows $150,000 from National

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On October 1, Sam's Painting Service borrows $150,000 from National Bank on a 3-month, $150,000, 4% note.What entry must Sam's Painting Service make on December 31 before financial statements are prepared? On October 1, Sam's Painting Service borrows $150,000 from National Bank on a 3-month, $150,000, 4% note.What entry must Sam's Painting Service make on December 31 before financial statements are prepared?

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