Great Plains Supply Co. has the following transactions related to notes receivable during the last 2 months

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Great Plains 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 B. Wedunn on a 1-year, 8% note.

Dec. 11 Sold goods to R. P. Meier, Inc., receiving a $3,600, 90-day, 7% note.

16 Received an $8,000, 6-month, 9% note to settle an open account from M. Fong.

31 Accrued interest revenue on all notes receivable.

Instructions Journalize the transactions for Great Plains Supply Co.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471730514

4th Edition

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

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Question Posted: Jul 05, 2024 10:09 AM

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Great Plains Supply Co. has the following transactions related to notes receivable during the last 2 months

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Financial Accounting Tools For Business Decision Making

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