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I Company had the following ed to current liabilities. action description ved $600 from ABC Co. by signing an 11-month, 10% note. ed an advance

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I Company had the following ed to current liabilities. action description ved $600 from ABC Co. by signing an 11-month, 10% note. ed an advance payment of $900 from Moon Co. for a service to be performed in 4 months vorth of services were performed for Moon Co.. ed adjusting entry to record interest for note issued to ABC Co. ial entries for the above points) During 2020 KIWI Company had the following transactions related to current liabilities. Date Transaction description July 1 Borrowed $600 from ABC Co. by signing an 11-month, 10% note. Dec 1 Received an advance payment of $900 from Moon Co. for a service to be pe Dec 31 $300 worth of services were performed for Moon Co.. Dec 31 Prepared adjusting entry to record interest for note issued to ABC Co. Required: Prepare the journal entries for the above transactions. ( 16 points)

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