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2019 E Oct 14 Nov. 16 Sold merchandise to FAST Racing, receiving a 60-day, 9 percent note for $6,200 Sold merchandise to Tipper Racing, receiving
2019 E Oct 14 Nov. 16 Sold merchandise to FAST Racing, receiving a 60-day, 9 percent note for $6,200 Sold merchandise to Tipper Racing, receiving a 72-day, 5 percent note for $10,500 Received amount due from FAST Racing Accrued interest on the Tipper Racing note Dec. 13 Dec. 31 2020 Jan 27 Collected in full from Tipper Racing Print Done umber in the input fields and then continue to the next question B Question Help Southside Company, which has a December 31 year end and uses a periodic inventory system completed the following transactions during 2019 and 2020 Click the icon to view the transactions.) Required Prepare the necessary journal entries to record the transactions. Assume that a 365 day year is used for calculations Oct 14, 2019. Sold merchandise to FAST Racing, receiving a 60-day, 9 percent note for 55.200 (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Oct
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