Question: 1. On November 23, a note is used to replace a $10,000 overdue account payable that does not bear interest. The customer agrees to pay

1. On November 23, a note is used to replace a $10,000 overdue account payable that does not bear interest. The customer agrees to pay $1,500 cash and sign a 60-day, 12% note to replace the account payable. Provide the entry to record this transaction

2.. ABC Company purchased a computer costing $6,000 on Jan. 1, 2019. It is expected to last for six years and then sell for $500. Calculate depreciation using the Double Declining Method:

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