If the seller fails to provide the property disclosure statement to the buyer before the buyer signs the purchase contract,
1 answer:
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Answer: Check attachment
Explanation:
The journal entries to record the transactions described above has been attached.
On 1st, January 2020, debt investment was debited by $50000 and cash was credited by $50000.
On 31st December 2020, interest receivable was debited by $6000 and interest received was credited by $6000.
On 1st January, 2021, Cash was debited by 6000 and interest received was credited by 6000.
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