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Suppose Fourth Cache Bank engaged in the following transactions: (Click the icon to view the transactions.) notes stated in days. For notes stated in months,
Suppose Fourth Cache Bank engaged in the following transactions: (Click the icon to view the transactions.) notes stated in days. For notes stated in months, use the number of months when calculating interest.) Dec. 1: Loaned $7,000 to Vera, Inc. on a 90-day, 8% note. Dec. 31: Accrued interest revenue on the Vera note. Now record the transaction for 2025 . Mar. 1: Collected the Vera note at maturity
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