Question: Dec 13 Accepted a 16,000, 45 day, 8% note December 13 in granting Miranda Lee a time extension on her past dut account receivable. Dec

Dec 13 Accepted a 16,000, 45 day, 8% note December 13 in granting Miranda Lee a time extension on her past dut account receivable. Dec 31 Prepared an adjusting entry to record the accrued interest on the Lee note.

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