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Monster Mashups accepts a $45000,4% interest, 120 day note as payment for a sale on inventory on August 1. Hint: use the Account List -

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Monster Mashups accepts a $45000,4% interest, 120 day note as payment for a sale on inventory on August 1. Hint: use the Account List - click to pop open to help you with your journal entries. a) Record the journal entry required on August 1. Maturity date: c) The note is NOT paid at maturity. Record the journal entry required to convert this back to an accounts receivable (calculate to 2 decimal places)

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