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Record the transactions for HSBC

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Question - HSBC lent $200,000 to Johann Schroeder on a 90-day, 4 percent note. Record the following transactions for HSBC, rounding to the nearest dollar (explanations are not required):

A. Lending the money on May 6.

B. Collecting the principal and interest at maturity.

Specify the date. For the computation of interest, use a 365-day year. Accounting for a note receivable.

Reference no: EM133097184

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