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5) On November 30, 2019, Jenkins Company loaned M. Lee $4,000 for one year at an annual interest rate of 4%. Prepare the entry that

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5) On November 30, 2019, Jenkins Company loaned M. Lee $4,000 for one year at an annual interest rate of 4%. Prepare the entry that Jenkins Company will make on November 30, 2019. (2 POINTS) 6) On November 1, 2018, Downtown Jewelers accepted a 3-month, 15% note for $6,000 in settlement of an overdue account receivable. The accounting period ends on December 31. Prepare the journal entry to record the accrued interest at the year end. (2 POINTS) MacBook Air

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