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Prepare general journal entries for the following a. Interest at 12 percent is owed on a bank loan for one year. The amount of the

Prepare general journal entries for the following a. Interest at 12 percent is owed on a bank loan for one year. The amount of the loan is $14 000. b. Salaries are owed to employees of $50,000. c. Revenue received but not earned is $5000

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