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On June 1, 2016 , Edwards company made a loan to Missouri Mining in the amount of $10,000. Edwards had them sign a promissory note

On June 1, 2016 , Edwards company made a loan to Missouri Mining in the amount of $10,000. Edwards had them sign a promissory note for the amount that included an annual interest rate of 12%. this note is due on Dember 31 2016. Make the following journal entries in good from for Edwards:

A. To record the loan on June1.

B. To record the repayment of the loan and interest in December 31.

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