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Question 1 10 points Save Barclays Bank agrees to lend S 120.000 on May 1, 2020 to XYZ company, by signing a note with the

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Question 1 10 points Save Barclays Bank agrees to lend S 120.000 on May 1, 2020 to XYZ company, by signing a note with the amount of $ 120,000, 7% maturing on January 1, 2021. After recording the required entries for XYZ company, answer the following questions 1. The Debit side of the entry that should be recorded on May 1, 2020 | 2. The amount of interest expense on December 31, 2020 1 3. The credit side of the entry that should be recorded on December 31.2020 is: 4- The total amount that should be paid on January 1, 2021 is: 5- Let's assume that the maturity date is on August 1, 2020, the total amount that should be paid on on the maturity date is: ho

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