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Brief Exercise 14-11 Samson Corporation issued a 4-year, $75,000, zero interest-bearing note to Brown Company on January 1, 2017, and received cash of $47,664. The

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Brief Exercise 14-11 Samson Corporation issued a 4-year, $75,000, zero interest-bearing note to Brown Company on January 1, 2017, and received cash of $47,664. The implicit interest rate is 129 Prepare Samson's journal entries for (a) the January 1 Issuance and (b) the December 31 recognition of interest. (Round answers to o decimal places . 38,548. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debat Credit Date (a) January 1, 2017 (b) December 31, 2017 Click if you would like to show Work for this question: On Show Weck SHOW LIST OF ACCOUNTS VIDEO SIMILAR EXERCISE

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