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Cali Bank agrees to lend Simon Builders Company $350,000 on January 1. Simon Builders Company signs a $350,000, 6%, 6-month note. Simon Builders Company has
Cali Bank agrees to lend Simon Builders Company $350,000 on January 1. Simon Builders Company signs a $350,000, 6%, 6-month note. Simon Builders Company has a March 30th year end. Prepare the journal entries for the: a) issuance of the note b) adjusting entry c) repayment of
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