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c) On 11/15/20, Your Co. loaned J Co. $56000 on a 5.4% 90 day note. Record the journal entries at issuance, year end, and maturity.

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c) On 11/15/20, Your Co. loaned J Co. $56000 on a 5.4% 90 day note. Record the journal entries at issuance, year end, and maturity. Assume interest is paid at maturity and the 360 day convention is used. General Journal Date Account/Explanation PR Debit Credit 11/15/20 Ca 45643 daynote 12/31/20 (Accrue interest) (Ayaruity of Date d) On 31120, Your Co. loaned L Co. $ 42000 on a 4% 6 year note. Record the journal entries at issuance, year end, and when the annual interest payment is received. Assume the monthly convention is used. General Journal Date Account/Explanation PR Debit Credit 3/1/20 14 Ca 427 426ear notei 12/31/20 (Accrue interest) 3/1/21 terest cap deceived

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