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Problem 4 On September 1, 2019 Pashmore Corporation received a five-month note from Gerry Group for the sale of used equipment. The face value of

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Problem 4 On September 1, 2019 Pashmore Corporation received a five-month note from Gerry Group for the sale of used equipment. The face value of the note is $75,000 and bears 6% interest. Required: Prepare journal entries for: 1. The acceptance of the note. 2. Adjustments at year end. 3. Payment of the

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