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he negotiates the signing of a note receivable to settle the account. Celtic Company agrees to the note receivable in 6 months 7% per year.

he negotiates the signing of a note receivable to settle the account.

Celtic

Company

agrees to the note receivable in

6 months

7%

per year.

Celtic

Company

has a year end

31-Mar

a) record the conversion of a the account receivable to a note receivable

b) accrue the interest at year end

c) record the payment of note receivable on maturity

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