Question: Accounting for Notes Receivable On November 1, 2010, Gopher issued a $50,000, 6%, 90-day promissory note. Identify and analyze the adjustment required on December 31,

Accounting for Notes Receivable On November 1, 2010, Gopher issued a $50,000, 6%, 90-day promissory note. Identify and analyze the adjustment required on December 31, the end of the company’s fiscal year.

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