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On December 1 , Daw Company accepts a $ 3 4 , 0 0 0 , 4 5 - day, 9 % note from a

On December 1, Daw Company accepts a $34,000,45-day, 9% note from a customer.
(1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31.
(2) Prepare the entry required on the note's maturity date assuming it is honored.
Note: Use 360 days a year.

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