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1. (4 points) List two ways a company can make a distribution to its shareholders: 2. Travis' Mote Company digs moats for people with big

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1. (4 points) List two ways a company can make a distribution to its shareholders: 2. Travis' Mote Company digs moats for people with big houses. On July 1, 2019 TMC borrows $40,000 from a bank at 6% interest. The principal and interest are both due in one year. a. (6 points) Record the JE for TMC at issuance: b. (6 points) TMC's fiscal year ends on 12/31/2019. Record the necessary JE: C. (6 points) Record the necessary JE on July 1, 2020

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