Question: Note Receivable Example On March 1, 20x4, we convert a $10,000 accounts receivable into a 2 year, 8% note receivable. Interest payments are due

Note Receivable Example On March 1, 20x4, we convert a $10,000 accounts

Note Receivable Example On March 1, 20x4, we convert a $10,000 accounts receivable into a 2 year, 8% note receivable. Interest payments are due on March 1, 20x5 and March 1, 20x6. Write all journal entries related to this note. Assume a December 31 year- end.

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