[Questions 13-20] Please record the following transactions in a journal entry. h) After 5 months, your friend

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[Questions 13-20] Please record the following transactions in a journal entry. h) After 5 months, your friend who loaned you $5,000 to buy your car requests payment in full and the accrued interest for the 5 months. The simple interest rate on the loan was 5% per year. (Book the transaction to pay your friend the loan repayment and interest.)

Posted Date: May 19, 2024 02:13 AM

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[Questions 13-20] Please record the following transactions in a journal entry. h) After 5 months, your friend

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