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Harrison Company had the following transactions involving its notes payable during 20XX: Purchased merchandise from Colliger Company, $1, 600; terms, 2/10, n/30. Purchased merchandise from

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Harrison Company had the following transactions involving its notes payable during 20XX: Purchased merchandise from Colliger Company, $1, 600; terms, 2/10, n/30. Purchased merchandise from Emmanuel Company, $5,000, issuing a 90-day 12% note. Received a time extension from Colliger Company, issuing a 60-day, 10% note. Borrowed $8,000 from the Second National Bank, issuing a 90-day, 12% note. Paid a creditor, Wilson Company, $1,000 cash and issued a $2,000, two-month, 10% note for the balance of our account. Discounted our own 120-day, $6,000 note at 12% at the local bank. Paid the note of February 3. for Notes and Interest, Bad Debts, Inventory, and Plant Assets and Depreciation

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