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#1 . The Ohio Company lent money to the lowa Company on 12/1/16 in the amount of $200,000. The interest rate is 5%. . Prepare

#1 . The Ohio Company lent money to the lowa Company on 12/1/16 in the amount of $200,000. The interest rate is 5%. . Prepare the adjusting entries for both the Ohio Company and the lowa Company

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