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Prepare the journal entries for meshal

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On Aug. 1, the maturity date, Meshal presented the note to Amr Co. but Amr refused to pay the amount. On June 1, Meshal Co. lent Amr Co. $0,000, and accept a two-month, 5% interest note.

Problem 1: Prepare the journal entries

Reference no: EM132695088

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