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7) On August 1,2023 , Femur LLP lends $24,000 to Humerus Co. for 6 months. What journal antru dnac Famur I I P rarnrd far

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7) On August 1,2023 , Femur LLP lends $24,000 to Humerus Co. for 6 months. What journal antru dnac Famur I I P rarnrd far thic trancartinn? (Continuation of question 7). The Note Receivable is established with a 5% annual interest rate, and the terms of the note states that the principal and interest will be due and paid on February 1, 2024. What adjusting journal entry is needed to accrue interest revenue earned for 2023 before Femur LLP prepares financial statements on Neremher 31 2023? (Continuation of question 7&8 ). On February 1, 2024, Humerus Co. pays all principal and interest owed to Femur LLP. Write the journal entry (from the viewpoint if Femur I I P) th reanrd the collention

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