Unformatted text preview: Required: 1. Prepare the journal entry that Newton Consulting would record on December, 31, 2011 related to this transaction. 2. Assuming Newton’s fiscal year end is December 31, prepare the journal entry that Newton will record on December 31, 2012. 3. Prepare the journal entry that Newton will record on December 31, 2014, assuming Blue Ridge pays the note in full....
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This note was uploaded on 03/20/2012 for the course ACCT 401 taught by Professor Winchel during the Spring '10 term at South Carolina.
- Spring '10