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Included in martinez companys december

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1. Included in Martinez Company's December 31 trial balance is a note receivable of $10,000. The note is a 4-month, 12% note dated October 1. Prepare Martinez's December 31 adjusting entry to record $300 of accrued interest, and the February 1 journal entry to record receipt of $10,400 from the borrower. 

Reference no: EM131104206

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