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In December 2020, the accountant for Eagle Corp. , a public company, noted that the following errors had been made by the bookkeeper:
Required:
Problem 1: Create the journal entries that the company's accountant would prepare in 2020, assuming that the errors are discovered while 2020 books are still open. Ignore income tax effects.
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Paul invests money at an effective rate of discount, Paul's effective rate of discount is numerically equal to Gina's effective rate of interest. Determine x.
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