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2 The company loans money to others at a high interest rate. Two months of interest has not been recorded at year end. Record the

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2 The company loans money to others at a high interest rate. Two months of interest has not been recorded at year end. Record the adjusting entry Note Receivable of $26,000 Monthly Interest earned is $1,300 On January 31, 2021 the note receivable amount and all outstanding interest is collected and paid to the company. Record this subsequent entry

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