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The following transactions for different businesses. 2. 3. 5. ole Enterprises signs a $24,800 note and gives cash of $2,200 to a supplier in exchange
The following transactions for different businesses. 2. 3. 5. ole Enterprises signs a $24,800 note and gives cash of $2,200 to a supplier in exchange for equipment it purchased June 1. The term of the note is one year and the interest rate is 8% due at maturity. Mowat Consultants orders supplies on July 4 and agrees that it will pay $1,270 within 30 days from the date of delivery. Delivery is expected in seven days. Meagher Manufacturing purchases a
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