Provide the journal entry for the issue on july 1 2017, Accounting Basics

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Provide the journal entry for the issue on july 1 2017

Problem

Recording Notes. Accruing and Receiving Interest A firm issues a one year note on July 1, 2017 with a face value of $8,000 and an interest rate of 10%. It pays interest on July and Jan, 1.

Provide the journal entry for the issue on July 1, 2017.
Provide the proper journal entry on Dec. 31, 2017 for the issuing firm.
Provide the proper journal entry on Jan, 1, 2018 for the issuing firm.

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Accounting Basics: Provide the journal entry for the issue on july 1 2017

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Accounting Basics: Provide the journal entry for the issue on july 1 2017

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