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26 Mulberry Company had the following select transactions. ad out of Apr. 1.2021 Accepted Wilmington Company's 1-year, 12% note in settlement of a $25,000 account

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26 Mulberry Company had the following select transactions. ad out of Apr. 1.2021 Accepted Wilmington Company's 1-year, 12% note in settlement of a $25,000 account receivable. July 1,2021 Loaned $15,000 cash to Ben Green on a 9-month, 10% note. Dec 31, 2021 Accrued interest on all notes receivable Apr. 1, 2022 Received principal plus interest on the Wilmington note. on Instructions Mulberry Company had the following select transactions. Apr. 1.2021 Accepted Wilmington Company's 1-year, 12% note in settlement of a $25,000 account receivable. July 1, 2021 Loaned $15,000 cash to Ben Green on a 9-month, 10% note. Dec. 31, 2021 Accrued interest on all notes receivable. Apr. 1.2022 Received principal plus interest on the Wilmington note. Instructions Prepare journal entries to record the transactions, Morton prepares adjusting entries once a year on December 31

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