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The following transactions took place for Smart Solutions Inc. 2017. a. July 1 Loaned $64,000 to an employee of the company and received back a one-year, 9 percent note. b. Dec. 31 Accrued interest on
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Aug 7, 2022
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The following transactions took place for Smart Solutions Inc. 2017.
a. July 1 Loaned $64,000 to an employee of the company and received back a one-year, 9 percent note.
b. Dec. 31 Accrued interest on the note. 2018.
c. July 1 Received interest on the note. (No interest has been recorded since December 31.)
d. July 1 Received principal on the note.
Required:
Prepare the journal entries that Smart Solutions Inc. would record for the above transactions.
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Csteinmueller
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Answer:
b
Step-by-step explanation:
because that's the true answer
Sajad Abdollahi
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Aug 13, 2022
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Sajad Abdollahi
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