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Assume you are accounting for Grimwood: Prepare the journal entry on Jan 1. Prepare the journal entry on June 30 (assuming that is the

Assume you are accounting for Grimwood: Prepare the journal entry on Jan 1. Prepare the journal entry on June 30 (assuming that is the fiscal year end) Prepare the journal entry when the Note is due (assuming Meadowvale Ford honours the note) Dat e 20 Jan 1 General Journal Particulars PR Debits Page Credits

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