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Prepare the necessary journal entries for the following transactions for Bush Co.
May 25 Bush Co. received a $25000 2-month 6% note from Bolt Company in settlement of an account receivable.
July 25 Bush Co. received payment on the Bolt note.
Societal Values
The shared beliefs, norms, and standards of behavior that reflect the collective preferences and priorities of a society.
Uniform State Laws
Model statutes drafted to provide consistency in law among states on various subjects, promoting uniformity and simplification.
Model Laws
Model laws are standardized legislative texts that are designed to be adopted or adapted by jurisdictions in order to harmonize laws on specific subjects across different regions.
National Conference Of Commissioners
An organization focused on developing and promoting uniform legal statutes across the states in the United States.
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