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Accessibility Mode Print Find IF Immersive Reader 1. On August 31, 2021, Warren Corporation loaned $180,000 to an employee on a 10- month, 8% note.
Accessibility Mode Print Find IF Immersive Reader 1. On August 31, 2021, Warren Corporation loaned $180,000 to an employee on a 10- month, 8% note. Warren's year-end is December 31. a. What is the maturity value of the note? b. Prepare the journal entry that Warren will make to record the promissory note created on August 31, 2021. c. Prepare the journal entry that Warren will make to record the interest accrual on December 31, 2021. record! d. Prepare the journal entry that Warren will make to record the interest it receives on the maturity date of the note, June 30, 2022. e. Prepare the journal entry that Warren will make to record the receipt of the principal on the note on the maturity date of the note, June 30, 2022. 94% Give Feedback to
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