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Problem 6 Bell Incorporated issued a $700,000 6 month note of June 1, 2019. Interest was discounted at issuance at 5% discount rate. Required: 1).

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Problem 6 Bell Incorporated issued a $700,000 6 month note of June 1, 2019. Interest was discounted at issuance at 5% discount rate. Required: 1). Prepare the journal entries for the issuance of the note. 2). Prepare the journal entries for the repayment of the note at maturity

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