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1. Record the note receivable transactions in the journal of Caspian Services. Use a 365-day year for interest computations, and round interest amounts to the
1. Record the note receivable transactions in the journal of Caspian Services. Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. 2. How much interest revenue did Caspian earn this year? Caspian Services has a December 31 fiscal year-end. Review the following note receivable transactions in the journal of Caspian Services: A (Click the icon to view the transactions.) Read the fequirements Requirement 1. Record the preceding note receivable transactions in the journal of Caspian Services. Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. (Record debits first, then credits. Exclude explanations from any journal entries.) Oct 1 Loaned $18,000 cash to Bryce Fajar on a one-year, 6% note. Journal Entry Date Accounts Debit Credit Oct 1
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