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On July 1, 2024, Green Company accepted a one - year, 8% note for $7,000 in settlement of an overdue account receivable. The accounting period
On July 1, 2024, Green Company accepted a one - year, 8% note for $7,000 in settlement of an overdue account receivable. The accounting period ends on December 31 . What would be the journal entry to record the accrued interest at year - end
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