underlying assets to dete Mr Values

$307,500 Paper and equipment, net 27,000 183,000

Receivable 52,500 29544416fd2 37,500 (82,500)

far vale of net assets $525,000

Company decides to accept MN Corporation's offer of S600.

JCC Intorporation issued a $160,000, 5-year 9% note at face value 2014, and received $100,000 cash. The note requires annual interest December 31.

Prepare ICC's journal entries to records

The sound of the note and e95454161932 December 31 interest payment.