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On November 16, Williams Company received Sanchez Company's exist9, 900, 60-day, 4% note receivable in settlement of a past due account. At the end of

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On November 16, Williams Company received Sanchez Company's exist9, 900, 60-day, 4% note receivable in settlement of a past due account. At the end of the fiscal year, on December 31, Williams Company accrued interest on the note. Prepare the journal entries for Williams Company on November 16 and December 31

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