Northridge Supply Co. has the following transactions related to notes receivable during the last 2 months of

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Northridge Supply Co. has the following transactions related to notes receivable during the last 2 months of the year:

Nov. 1 Loaned $30,000 cash to R. Stone on a 1-year, 8% note.

Dec. 11 Sold goods to W. Kimball, Inc., receiving a $3,600, 90-day, 12% note.

16 Received a $6,000, 6-month, 12% note on account from J. Bell.

31 Accrued interest revenue on all notes receivable.

Instructions Journalize the transactions for Northridge Supply Co.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471347743

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 25, 2024 02:04 AM

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Northridge Supply Co. has the following transactions related to notes receivable during the last 2 months of

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Financial Accounting Tools For Business Decision Making

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