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Prepare journal entries to record the transactions. Metiock prepares acjusting entries once a year on December 31. (Credit account (To record note dishonoured) (To record

Prepare journal entries to record the transactions. Metiock prepares acjusting entries once a year on December 31. (Credit account (To record note dishonoured) (To record interest at 12\%) (To record interest at 10\%) (To record principal plus interest on the Goodwin note)

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