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Give the required journal entry at the end of year ten

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At the beginning of Year 1, Mesa Corporation placed $10,000 in a savings account at 9%.

Problem 1: Assuming no withdrawals, complete the following tabulation (round to the nearest dollar).

Year-end Balance in the Savings Account          Total Interest                Earned to Date

3                                                                         9                               10

Problem 2: Give the required journal entry at the end of Year 10 to record only the year 10 earnings.

Reference no: EM132936575

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