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Prepare the journal entries for the note issuance

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Question - On August 1, 2022, Wiggins loaned a vendor cash by issuing a note receivable. The note receivable was for $17,000, 8 months, 4%. Prepare the journal entries for the note issuance on August 1, the adjusting entry on December 31, 2022, and the receipt of payment on March 31, 2023.

Reference no: EM133057916

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