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What journal entry should shaw company record

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Problem 1: On December 21, 20X6, Shaw Company accepted from Bogner a $10,000, 90-day, 8% note in lieu of an existing $10,000 account receivable. Shaw Company's fiscal year-end is December 31. What journal entry, if any, should Shaw Company record on December 31, 20X6? (Show work to receive partial credit)

Reference no: EM132692197

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