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1). Jay Company lent $24,000 to Marla Company on November 1, 2022 and received a 6 month, 4% note receivable. a. Prepare the journal entry
1). Jay Company lent $24,000 to Marla Company on November 1, 2022 and received a 6 month, 4% note receivable.
| a. Prepare the journal entry on November 1, 2022 for Jay Company. |
| b. Prepare the adjusting journal entry on December 31, 2022.
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| c. Prepare the journal entry on the maturity date January 31, 2023. | |||||||
| the maturity value of the note. | |||||||
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Factory Business System Audit Lean Manufacturing
Authors: Rolf Thorsten
1st Edition
1091908583, 978-1091908581
