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On December 1, a company accepts a $16,000,45-day, 9% note from a customer. a. Prepare the year-end adjusting entry to record accrued interest revenue on

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On December 1, a company accepts a $16,000,45-day, 9% note from a customer. a. Prepare the year-end adjusting entry to record accrued interest revenue on December 31 . b. Prepare the entry required on the note's maturity date assuming it is honored. Note: Use 360 days a year. Journal entry worksheet Record the year-end adjusting entry to record accrued interest revenue on December 31 . Note: Enter debits before credits. Journal entry worksheet Record the journal entry on the note's maturity date assuming it is honored. Assume the company does not prepare reversing entries. Note: Enter debits before credits. On December 1, a company accepts a $16,000,45-day, 9% note from a customer. a. Prepare the year-end adjusting entry to record accrued interest revenue on December 31 . b. Prepare the entry required on the note's maturity date assuming it is honored. Note: Use 360 days a year. Journal entry worksheet Record the year-end adjusting entry to record accrued interest revenue on December 31 . Note: Enter debits before credits. Journal entry worksheet Record the journal entry on the note's maturity date assuming it is honored. Assume the company does not prepare reversing entries. Note: Enter debits before credits

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