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12. Prepare journal entries to record the following transactions entered into by Denver Company:2019 June 1 Denver Co. loaned a $120,000, 6%, 11 months note

12. Prepare journal entries to record the following transactions entered into by Denver Company:2019 June 1 Denver Co. loaned a $120,000, 6%, 11 months note to Barney Frank April 1 Sold goods to Minny Co. receiving a $18,000, 12 months, 6% note Dec. 31 Accrued interest on all of the notes receivable. 2020 April 1 Minny Co. honored its note. May 1 Barney Frank honored his note.

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