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Record pharoah entries related to the note on july

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Question - Pharoah Financial Services loaned Sharp Inc. $90,000 cash in exchange for a one-year, 5% note on July 1, 2021. Interest is payable quarterly beginning on October 1, 2021. Pharoah has a December 31 year end and records adjusting entries annually. Record Pharoah's entries related to the note on July 1 and October 1, 2021.

Reference no: EM133079777

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