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3. (25 points) On November 1, Feathers Company signed a $12,000, 90-day, 5% note payable to cover a past due account payable. a. What amount

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3. (25 points) On November 1, Feathers Company signed a $12,000, 90-day, 5% note payable to cover a past due account payable. a. What amount of interest expense on this note should Feathers Company report on yearend December 31? b. Prepare Feathers' journal entry to record the issuance of the note payable. c. Prepare Feathers\" adjusting journal entry at the end of the year d. Prepare Feathers' journal entry to record the payment of the note on February 1 of the following year. Date General Journal Debit Credit

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