Question: Accepted a(n) $8,650, 90-day, 11% note in granting a time extension on the past-due account receivable of Mulan Company. Use those calculated values to prepare

Accepted a(n) $8,650, 90-day, 11% note in granting a time extension on the past-due account receivable of Mulan Company. Use those calculated values to prepare your journal entries for Year 2 transactions. (August 7th)

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