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Record the the following transactions for the Scott Company in journal entry format. November4 Received a $6,500, 90-day, 6%note from Tim's Co.in payment of the
Record the the following transactions for the Scott Company in journal entry format.
November4 Received a $6,500, 90-day, 6%note from Tim's Co.in payment of the account.
December 31 Accrued interest on the Tim's Co. note.
February2Received the amount due from Tim's Co. on the note.
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