Record the following transactions in the general journal: Apr. 1, 19X2 Loaned ($ 8,000) to Rhonda Evans
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Record the following transactions in the general journal:
Apr. 1, 19X2 Loaned \(\$ 8,000\) to Rhonda Evans on a one-year, 9-percent note.
Dec. 31, 19X2 Accrued interest revenue on the Evans note.
Dec. 31, 19X2 Closed the interest revenue account.
Apr. 1, 19X3 Received the maturity value of the note from Rhonda Evans.
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Related Book For
Financial Accounting
ISBN: 9780133118209
2nd Edition
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
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