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12 Revise your worksheet to reflect these updated assumptions answer the questions that folk . Issue Date Maturity Date Principal Rate July 1, Year 1

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12 Revise your worksheet to reflect these updated assumptions answer the questions that folk . Issue Date Maturity Date Principal Rate July 1, Year 1 Aprili, Year 2 Required: 1. Use your spreadsheet to recalculate the amounts related to the note and then prepare the related journal entriesOf no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Vw Bonsecos! Journal entry worksheet Prepare the journal entry to record the issuance of the note. Notei Enter debts before credits General Journal Debit Credit Tecord try Clear entry View general journal Homework Chapter 18 6 12 Hvise your worksheet to reflect these updated assumptions and then answer the questions that follow Issue Date Maturity Date Principal Rate April 1. Year 2 Required: 1. Use your spreadsheet to recalculate the amounts related to the note and then prep required for a transaction/event, select "No Journal Entry Required in the first account field View transaction list Journal entry worksheet Record accrued interest expense for the period ending December 31, Year 1. tenter det store credits General Journal Debit Credit Record entry Clear entry Vieraal 12 Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Maturity Date Principal Rate Required: 1. Use your spreadsheet to recalculate the amounts related to the note and then prepare the related journal entries. (If required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Prepare the journal entry to record the payment of the note at maturity. ther debits before credits General Journal Debit Credit Record entry Clear entry View general Journal 2. Assuming the rate changes to 7%, what is the revised amount of interest accrued at the end of Years 1 and 2? 3. Assuming the maturity date also changes to February 1 Year 2. what is the revised amount of interest accrued at the end of Years 1 and 22

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