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For the following transaction, provide all the required journal entries from inception to liquidation. Assume a December 31 year-end and that the company does not
For the following transaction, provide all the required journal entries from inception to liquidation. Assume a December 31 year-end and that the company does not prepare interim statements. Round all amounts to the nearest dollar.
Face value of note payable $210000
Date of issue for note March 1, 2019
Due date for note March 1, 2020
Interest rate in the note 0%
Market rate of interest 4.5%
Consideration received Machinery
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