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Prepare an adjusting journal entries for the year

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Reference no: EM132804833

Question 1: From the following given data, prepare an adjusting journal entries for the year ended December 31, 2019:

A P96,000 12%, 120-day note was received from a client dated November 1, 2019. The interest was not yet collected at the end of the accounting period.

Reference no: EM132804833

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