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Sparks Company entered into the following transactions involving short-term notes payable. On June perpetual inventory $12,000 note bearing 4% annual interest in addition to paying

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Sparks Company entered into the following transactions involving short-term notes payable. On June perpetual inventory $12,000 note bearing 4% annual interest in addition to paying $13,000 in cash. S purchased $25.000 merchandise from Equip Co, terms 2/10, n/30. Sparks uses the parks paid the system. On Juty 19, Sparks replaced the June 18 account payable with a 60-day, amount due on the note at maturity. 1. Determine the maturity date for the note. 2. Prepare journal entries for all the preceding transactions and events

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