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Posted on Jul 28, 2024

On October 1 , Year 1 , Blake Company loaned $ 2 7 , 0 0 0 to Jimenez for 8 months at 6 %

On October

1,

Year

1,

Blake Company loaned $

27, 000

to Jimenez for

8

months at

6 %

interest.Required:a

.

How will Blake report the note and interest on its Year

1

income statement, balance sheet, and statement of cash flows?Complete this question by entering your answers in the tabs below.IncomeStatementBalance SheetStatement of Cash Flows

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