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Journalize the following, assuming a 360-day year is used for interest calculations:
Apr. 30 | | Issued a $198,000, 30-day, 6% note dated April 30 to Misner Co. on account. |
May 30 | | Paid Misner Co. the amount owed on the note dated April 30. |
If an amount box does not require an entry, leave it blank. When required, round your answers to the nearest dollar.
| - Select - | - Select - |
May 30 | | |
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