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Prepare the journal entries that Parker's Grocery would record for the above transactions 1.)Record the receipt of a note on January 1 for a $43,000
Prepare the journal entries that Parker's Grocery would record for the above transactions
1.)Record the receipt of a note on January 1 for a $43,000 loan to an employee.
2.) Record the interest accrued on the note as of June 30.
3.) Record the receipt of the interest on the note
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