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A company with a December 31, 2021 year end, lent $31,500 to a customer on March 1, 2021. The customer signed a 6%, 11-month note

A company with a December 31, 2021 year end, lent $31,500 to a customer on March 1, 2021. The customer signed a 6%, 11-month note with accrued interest and loan principal payable on maturity. The note will be collected on January 31 of next year. The company prepares annual financial statements. Prepare any required adjusting entry

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