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Question 4 On June 15, 2020, Chikadoo Co. received from one of its customers, Kieme Co., a 90 day, 12%, $12,000 note receivable, in exchange

Question 4 On June 15, 2020, Chikadoo Co. received from one of its customers, Kieme Co., a 90 day, 12%, $12,000 note receivable, in exchange for contract services provided. Chikadoo Co. has a June 30 fiscal year end. Kieme Co. honoured the note at maturity. Prepare the journal entries on the:

a. Issuance of the note on June 15.

b. Accrual of interest on June 30.

c. Payment of the note at maturity

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