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7. On otctober1, 2013, ABC Company received a $25,000 notes receivable from a customer. The interest rate is 3%. The principal and interest will be

7. On otctober1, 2013, ABC Company received a $25,000 notes receivable from a customer. The interest rate is 3%. The principal and interest will be due on September 30, 2014. Record the entries on October 1, December 31, and September 30, 2014.

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