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On November 1 Bahama National Bank lends $3 million and accepts a six-month 6% note receivable. Interest is due at maturity Record the acceptance of the note and

On November 1, Bahama National Bank lends $3 million and accepts a six-month, 6% note receivable. Interest is due at maturity. Record the acceptance of the note and the appropriate adjustment for interest revenue at December 31, the end of the reporting period.

May 17 2020 View more View Less

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