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How do i make a Journal entry for: 11/1/2018 Mr. Rosen is approached by a business associate who needs $40,000 to expand her business. After talking...

How do i make a Journal entry for:


11/1/2018 Mr. Rosen is approached by a business associate who needs $40,000 to expand her business. After talking with the other Eagle View owners, Mr. Rosen agrees to loan the money at a rate of 1.2 %, with interest compounded and payable quarterly and principal due in four years. Others would only lend at a minimum rate of 4 %.


What account and why?

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Debit to a receivable... View the full answer

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