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On December 1 , Daw Company accepts a $ 3 0 , 0 0 0 , 4 5 - day, 7 % note from a
On December Daw Company accepts a $day, note from a customer.
Prepare the yearend adjusting entry to record accrued interest revenue on December
Prepare the entry required on the note's maturity date assuming it is honored.
Note: Use days a year.
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