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n November 1, runner inc. accepted a 3 month, 11%,70800 from paver inc in settlements...

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Accounting

n November 1, runner inc. accepted a 3 month, 11%,70800 from paver inc in settlements of its accounts. Interest is due on 1st day of each month, starting December 1,Both companies year end are December 31, prepare all journal entry for runner over the term of the note, assume note is collected in full on the maturity date

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