3 10 points C&Q Marketing (COM) recently hired a new marketing director, Jeff Otos, for...
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3 10 points C&Q Marketing (COM) recently hired a new marketing director, Jeff Otos, for its main office. As part of the arrangement, COM agreed on February 28, 2020, to advance Jeff $100.000 on a one-year, 6 percent note, with interest to be paid at maturity on February 28, 2021. COM prepares financial statements on June 30 and December 31. Required: 1. Prepare the Journal entry that CSM will make when the note is established. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction liat PY Journal entry worksheet
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