Question: not been adjusted or closed for Year 1 . Required - Note: Round your answers to the nearest whole dollar in the questions that follow.

not been adjusted or closed for Year 1. Required - Note: Round your answers to the nearest whole dollar in the questions that follow. a. Compute the present value of this note on January 1 of Year 1.\(\$ 256,242\) b. Prepare journal entries required as of the following dates. 1. January 1, Year 1, correcting entry 2. December 31, Year 13. December 31, Year 24. December 31, Year 3
not been adjusted or closed for Year 1 . Required

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