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Record the transactions in the company's journal Explanations are not required (Record debits first, then credits Now accrue interest at December 31 on the $9,000,

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Record the transactions in the company's journal Explanations are not required (Record debits first, then credits Now accrue interest at December 31 on the $9,000, three month, 12% note from November 30. Next record the 2017 transactions beginning with repayment of the 12% inventory note. Feb 28 Paid off the 12% inventory note, plus interest, at maturity

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