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Cosimo Enterprises issues a $260000 45-day 5% note to Dixon Industries for merchandise inventory. a. Journalize Cosimo Enterprises entries to record The issuance of the note The payment

Cosimo Enterprises issues a $260,000, 45-day, 5% note to Dixon Industries for merchandise inventory.

a. Journalize Cosimo Enterprises’ entries to record:

1. The issuance of the note.

2. The payment of the note at maturity.

b. Journalize Dixon Industries’ entries to record:

1. The receipt of the note.

2. The receipt of the payment of the note at maturity?

Apr 04 2020 Read more Less More

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