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7 Outer Armour (OA) is a company that sells high quality outerwear OA has accepted two notes receivables from customers and he December 31, 2020

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7 Outer Armour (OA) is a company that sells high quality outerwear OA has accepted two notes receivables from customers and he December 31, 2020 year-end Note Receivable A 8 points On September 1, 2020, OA accepted a $540,000, 6 months note receivable with an interest rate of 6%. Interest and the principal balance are due at maturity On October 31, 2020, OA accepted a $370,000 note receivable with an interest rate of 4.5%. Interest is paid the first day of each following month and the principal is due at maturity on June 30, 2021 Note Receivable 8 Required: 1. Not available in connect and B as of December 31, 2020? 2. How many months need to be accrued for Notes Receivable months months Note receivable A Note receivable B 7. 3. Prepare the adjusting journal entries to accrue the interest for Note Receivable A and Note Receivable as at December 31, 2020 (Round your final answers to the nearest whole dollars.) View transaction list 8 points > Journal entry worksheet Record the accrued interest for Note Receivable A. Credit Debit Note Enter debts before credits General Journal Date Dec 31 7 3. Prepare the adjusting journal entries to accrue the interest for Note Receivable A and Note Receivable 3 ans et December 2, 2010 (Round your final answers to the nearest whole dollars.) View transaction fist 8 points Journal entry worksheet

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