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On November 1, Jovel Company loaned another company $100,000 at a 6% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31, and adjustments are only made at year-end. The adjusting entry needed on December 31 is:

User TCSGrad
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Yes yhuuu. Hugg ut77 ftt
User Nizar Ouerghi
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