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  3. Study Set
    Financial Accounting
  4. Exam
    Exam 10: Reporting and Analyzing Liabilities
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    Use the Following Information for Questions
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Use the Following Information for Questions

Question 1

Question 1

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Use the following information for questions
On January 1 of this year, Gertoni Lenders agrees to lend Ester Corp.$150,000.Ester Corp.signs a $150,000, 6%, 9-month loan.Interest is due at maturity.
-The entry made by Ester Corp.on January 1 to record the receipt of the loan is Use the following information for questions  On January 1 of this year, Gertoni Lenders agrees to lend Ester Corp.$150,000.Ester Corp.signs a $150,000, 6%, 9-month loan.Interest is due at maturity. -The entry made by Ester Corp.on January 1 to record the receipt of the loan is

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