First National Bank, Inc. loaned Cooper, Inc. $100,000 on August 1, Year 1, accepting a...
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First National Bank, Inc. loaned Cooper, Inc. $100,000 on August 1, Year 1, accepting a 9-month, 6% interest note. First National prepares financial statements on December 31. Cooper paid the note on April 1, Year 2. Prepare the journal entries for First National Bank on: August 1, Year 1 December 31, Year 1 April 1, Year 2
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