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Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Issue Date Maturity Date: Principal Rate July 1, Year

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Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Issue Date Maturity Date: Principal Rate July 1, Year 1 April 1, Year 2 180,000 6% Required: 1. Use your spreadsheet to recalculate the amounts related to the note and then prepare the related journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 Prepare the journal entry to record the issuance of the note. Note: Enter debits before credits. Date July 01 General Journal Debit Credit Record entry Clear entry View general journal

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