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(a) 4. On May 1, Claus Gordon Builders lends Lightfoot Construction $15,000 for new equipment on a 3- month, 5% note, which Lightfoot pays in

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(a) 4. On May 1, Claus Gordon Builders lends Lightfoot Construction $15,000 for new equipment on a 3- month, 5% note, which Lightfoot pays in full when it comes due. (a) Calculate the amount of interest that Lightfoot will owe, and (b) show the journal entry Claus will make to record receiving the payment and interest. Arnon Thermordmall structure at a cost

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