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George masonry accepted a four-month 10 interest 1800 note

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George Masonry accepted a four-month, 10% interest, $1,800 note from Earth Tones on July 1, 2008. The entire balance is payable at the note's maturity. Assume that George Masonry accrues interest on the note monthly. Prepare the October 31 journal entry to record the ultimate payment.

Reference no: EM13600373

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