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Business, 19.02.2020 01:50 sarahjunexx

The Village of Frederick borrowed $1,000,000 from a local bank by issuing 4 percent tax anticipation notes. If the village repaid the tax anticipation notes six months later after collecting its next installment of property taxes, the General Fund journal entry to record the repayment will include:

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The Village of Frederick borrowed $1,000,000 from a local bank by issuing 4 percent tax anticipation...
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