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Recording Entries for Interest-Bearing and Noninterest Bearing Notes Anne Taylor Company borrowed cash on August 1, 2020, and signed a $7.520 face amoung one-year
Recording Entries for Interest-Bearing and Noninterest Bearing Notes Anne Taylor Company borrowed cash on August 1, 2020, and signed a $7.520 face amoung one-year note payable, due on y 31, 2021. The counong pend of Anne Tayke ends December 2yme an effective inters rate of 11% interest Bearing Note Noninterest Bearing a. How much cash should Anne Taylor Company receive on the note, assuming the one is an west bearing bo hrovide the following entries August 1, 2020, date of the loan 2. December 31, 2020, adjusting every Juy 31, 2021, payment of the note Note List multiple debies or credits (when applicabirin alphabetical arter Nete Round your answers to the nearest whole dolar Date 4 What labity amounts sheld be shown on the December 21, 2020, balance sheet Note L accounts in alphabetical onder based on the accoun Balance Sheetc
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