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On April 1, 2017, Dugan Corp. accepted a six-month, 6%, $65,000 interest bearing note from Rogers Company in payment of an accounts receivable. Dugan's year-end

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On April 1, 2017, Dugan Corp. accepted a six-month, 6%, $65,000 interest bearing note from Rogers Company in payment of an accounts receivable. Dugan's year-end is December 31. Rogers paid the note and interest on the due date. REQUIRED: 1. Record the Journal Entry on April 1, 2017. 3. Record the Journal Entry on October 1, 2017

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