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Use the following information for questions .
On October 1, Jacob's Auto Service borrows $75,000 from Provincial Bank on a $75,000, 3-month, 6% note.
-What entry must Jacob's Auto Service make on December 31 before financial statements are prepared? Use the following information for questions . On October 1, Jacob's Auto Service borrows $75,000 from Provincial Bank on a $75,000, 3-month, 6% note. -What entry must Jacob's Auto Service make on December 31 before financial statements are prepared?

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