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On October 17, a note payable is used to replace a $90,000 overdue account payable that does not bear interest. The customer agrees to pay

image text in transcribed On October 17, a note payable is used to replace a $90,000 overdue account payable that does not bear interest. The customer agrees to pay $25,000 cash and sign a 90 -day, 15% note to replace the account payable. The customer's entry to record this transaction would be: On December 31, the customer's year end, an interest accrual is made. The customer's entry to record this accrual would be: On January 16, the note's due date, the note and interest is paid in full. The customer's entry to record this would be

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