Record the following transactions in the general journal: Nov. 1 Loaned ($ 45,000) cash to Larry Lenamon

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Record the following transactions in the general journal:

Nov. 1 Loaned $\$ 45,000$ cash to Larry Lenamon on a one-year, 9-percent note.

Dec. 3 Sold goods to Lofland, Inc., receiving a 90 -day, 12 -percent note for $\$ 3,750$.

16 Received a $\$ 2,000$, six-month, 12 -percent note on account from J. Baker.

31 Accrued interest revenue on all notes receivable.

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Financial Accounting

ISBN: 9780133118209

2nd Edition

Authors: Charles T. Horngren, Jr. Harrison, Walter T.

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Question Posted: Jun 10, 2024 01:15 AM

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Record the following transactions in the general journal: Nov. 1 Loaned ($ 45,000) cash to Larry Lenamon

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Financial Accounting

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