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On October 1,2015,United Co.negotiates with its bank to borrow $10,000 cash on a one-year note.The bank charges 5% interest.Interest payments are to be made in two installments,on March 31 and September 30.The principal is to be repaid on September 30,2016,the maturity date.What journal entry needs to be recorded as of March 31,2016?
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The characteristic of actively and attentively absorbing information presented by others, showing engagement and understanding.
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