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.
-The entry by Jacob's Auto Service to record payment of the note and accrued interest on January 1 is:

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The Answer of 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.
-The entry by Jacob's Auto Service to record payment of the note and accrued interest on January 1 is:

Use the Following Information for Questions