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Marked out of 1.UU First National Bank agrees to lend $100,000 on September 1, 2014, if Cole Williams Co. signs a $100,000, 12%, four- month

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Marked out of 1.UU First National Bank agrees to lend $100,000 on September 1, 2014, if Cole Williams Co. signs a $100,000, 12%, four- month note maturing on January 1. Cole Williams Co prepares financial statements on 31/12, the entry at maturity date (Jan 1, .2015) is

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