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Jasper Inc. received a $10,000, eight-month, 10 percent note to settle a $10,000 unpaid balance owed by a customer. Prepare journal entries to record the

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Jasper Inc. received a $10,000, eight-month, 10 percent note to settle a $10,000 unpaid balance owed by a customer. Prepare journal entries to record the following transactions for Jasper Inc. The note is accepted by Jasper Inc. on July 1, 2015 Jasper Inc. adjusts its records for interest earned to December 31, 2015. Jasper Inc. receives the principal and interest on the note's maturity date

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