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6) On March 3ns, Freda's Grocery Store collected sales of $3,000 and sales taxes of $240. What is the journal entry that Freda's Grocery Store

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6) On March 3ns, Freda's Grocery Store collected sales of $3,000 and sales taxes of $240. What is the journal entry that Freda's Grocery Store needs to record for this activity? 7) a. Rocky Inc. issued $240,000,10 year, 5% bonds at 105 . Prepare the entry to record the sale of these bonds: b. Assume that after 3 years the remaining unamortized premium is $8,400. What would be the carrying value of Rocky's bond at that date? 8) Emma Company purchased a building on January 1ts by signing a long-term $4,500,000 mortgage with monthly payments of $50,125. The mortgage carries an interest rate of 8%. a. Write the journal entry to record the purchase of the building by signing the long-term mortgage. b. Write the journal entry to record the first monthly payment (Jan. 31st ) by Emma. c. What is the balance in the Mortgage Payable account, after this first monthly payment is recorded? d. Write the journal entry to record the second monthly payment (Feb. 28th ) by Emma. e. What is the balance in the Mortgage Payable account, after this second monthly payment is recorded

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