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On December 1, a company accepts a $48,000, 45-day, 10% note from a customer. Prepare the year-end adjusting entry to record accrued interest revenue on

On December 1, a company accepts a $48,000, 45-day, 10% note from a customer. Prepare the year-end adjusting entry to record accrued interest revenue on December 31. Prepare the entry required on the note's maturity date assuming it is honored. Note: Use 360 days a year. Record the year-end adjusting entry to record accrued interest revenue on December 31. Record the journal entry on the notes maturity date assuming it is honored. Assume the company does not prepare reversing entries

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