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Prepare journal entries to record the following transactions by Ericton Industries: (Assume 365 days in a year. Round your answers to 2 decimal places.) 2020

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Prepare journal entries to record the following transactions by Ericton Industries: (Assume 365 days in a year. Round your answers to 2 decimal places.) 2020 Jan. 20 Accepted a $270,000, 90-day, 12% note dated this day in granting a time extension on the past due account of Steve Stewart. Feb 19 Discounted the Steve Stewart note at the bank at 14.0% View transaction list Journal entry worksheet 2 Record the discounted note receivable. Note: Enter debits before credits Date General Journal Debit Credit Feb 19 Cash Notes receivable

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