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same questions two parts. Roseland Desige borrowed $700,000 on a 90-day note from Corpone Furndi on a 90-day note from Corpone Fundi ng Company. CorpOne
same questions two parts.
Roseland Desige borrowed $700,000 on a 90-day note from Corpone Furndi on a 90-day note from Corpone Fundi ng Company. CorpOne discounts the note at 8%. (Assume a 360-day year is used for interest calculations.) Required: Hide 1. Journalize Roseland's entries to record: a. The issuance of the note. b.The payment of the note at maturity For a compound transaction, if an amount hox does not require an entry, leave it blank or enStep by Step Solution
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