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Record the journal entries for the transactions on the dates below. 11/25/7: Received from Debtor Company on account, a $50,000, 144 day, 6% NOTE RECEIVABLE

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Record the journal entries for the transactions on the dates below. 11/25/7: Received from Debtor Company on account, a $50,000, 144 day, 6% NOTE RECEIVABLE dated November 25. 12/31/17: Recorded an adjusting entry for INTEREST RECEIVABLE and ACCRUED INTEREST REVENUE on the note of November 25. 11/25 to 12/31 is 36 days! 418/8 Received payment of NOTE RECEIVABLE and INTEREST REVENUE, including the INTERET RECEIVABLE, from Debtor Company, 11 to 4/18 is 108 days 11/25/7 12/31/7 I 4/18/8 Interest calculations to S X % $ %x the right $ 11/25/7: 12/31/7: 4/18/8

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