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Journal Entries for Interest-Bearing Note As payment for services rendered, the company received an 18-month note on January 1. The face amount of the note

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Journal Entries for Interest-Bearing Note As payment for services rendered, the company received an 18-month note on January 1. The face amount of the note is C)$3,000, and the stated rate of interest is 9%, compounded annually. The 9% rate is equal to the market rate. The full amount of the note, including accrued interest, will be received at the end of the 18-month period. Hide Make all journal entries necessary on the books of the recipient of the note during the 18-month life of this note. Round your answers to the nearest whole dollar. For a compound entry, if an amount box does not require an entry, leave it blank

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