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Problem #2 - continued Issued a Note Receivable on November 30, 2008 in the principal amount of $10,000 at the annual interest rate of 8%

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Problem #2 - continued Issued a Note Receivable on November 30, 2008 in the principal amount of $10,000 at the annual interest rate of 8% for a period of 3 months. (Use months in the calculation) Req: 1- Journalize the entry to issue the original note 2- Journalize the entry to recognize revenue at December 31,2008 3- Journalize the entry to record closing the note at maturity

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