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JCC Intorporation issued a $160,000, 5-year 9% note at face value 2014, and received $100,000 cash. The note requires annual interest December 31. Prepare ICC's

JCC Intorporation issued a $160,000, 5-year 9% note at face value 2014, and received $100,000 cash. The note requires annual interest December 31.

Prepare ICC's journal entries to records

The sound of the note and

e95454161932

December 31 interest payment

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