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Check my work B On December 1, 2021, Liang Chemical provides services to a customer for $86,000. In payment for the services, the customer signs

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Check my work B On December 1, 2021, Liang Chemical provides services to a customer for $86,000. In payment for the services, the customer signs a three-year, 12% note. The face amount is due at the end of the third year, while annual interest is due each December 1, Required: 1. Record the acceptance of the note on December 1, 2021. 2. Record the interest collected on December 1 for 2022 and 2023, and the adjustment for interest revenue on December 31 for 2021, 2022, and 2023 3. Record the cash collection on December 1, 2024 Prepare the journal entries for the above transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Book erences View transaction list Journal entry worksheet Journal entry worksheet 3 4 5 6 7 Record the receipt of annual interest as of December 01, 2022. Note: Enter debits before credits. Debit Credit Date General Journal December 01, 2022 Cash Interest Receivable Interest Revenue Record entry Clear entry View general journal Journal entry worksheet 5 6 7 Record the adjusting entry for interest receivable as of December 31, 2023. Note: Enter debits before credits. Debit Credit Date General Journal December 31, 2023 interest Receivable Interest Revenue Record entry Clear entry View general Journal B Journal entry worksheet

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