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Prepare journal entries to record these transactions: (Round your answers to 2 decimal places.) Oct. 31 Accepted a $18,500, six-month, 6.0% note dated today from

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Prepare journal entries to record these transactions: (Round your answers to 2 decimal places.) Oct. 31 Accepted a $18,500, six-month, 6.0% note dated today from Leann Grimes in granting a time extension on her past-due account. Dec. 31 Adjusted the books for the interest due on the Grimes note. Apr. 30 Grines honoured her note when presented for payment

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