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Check my work Nova Corporation hired a new product manager and agreed to provide her a $50,000 relocation loan on a six month, 5 percent
Check my work Nova Corporation hired a new product manager and agreed to provide her a $50,000 relocation loan on a six month, 5 percent note reer 09 a. The company loans the money on January 1 b. The new employee pays Nova the interest owed on the maturity date c. The new employee pays Nova the full principal owed on the maturity date. Required: Prepare journal entries to record the above transactions for Nova Corporation. (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Do not round intermediate calculations.) YO View transaction list Journal entry worksheet 1 2 3 10.47 The company loans the money on January 1. Record the transaction Note: Enter debts before credits reen Shot Date General Journal Dobit Credit JALAN
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