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Business, 26.08.2020 03:01 adriana145
On October 1, Callison accepts a 5-year interest bearing note receivable for $1,000. The note bears interest of 12%. Both principal and interest are received at maturity. The journal entry required on December 31, Year 1, to accrue interest will include:
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On October 1, Callison accepts a 5-year interest bearing note receivable for $1,000. The note bears...
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