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Unformatted text preview: Required: 1. Prepare the journal entry that Newton Consulting would record on December, 31, 2011 related to this transaction. 2. Assuming Newtons 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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- Spring '10