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On October 1,2012,Falls Company Loaned $10,000 to a Customer for One

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On October 1,2012,Falls Company loaned $10,000 to a customer for one year at 6% interest.Show the effect of this transaction on Falls' financial statements. On October 1,2012,Falls Company loaned $10,000 to a customer for one year at 6% interest.Show the effect of this transaction on Falls' financial statements.


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