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Record Journal Entry Feb. 14 Received Allen's payment of principal and interest on the $21,600, 60- day, 890 note dated December 16. The Perez Company

Record Journal Entry
Feb. 14 Received Allen's payment of principal and interest on the $21,600, 60- day, 890 note dated December 16. The Perez Company does not prepare reversing entries. Verify the amount of interest using the "CALCULATION OF INTEREST" tab. Note: Enter debits before credits. Credit Debit General Journal Date Feb 14

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