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Additionally, during the course of 2 0 1 9 , Hampton Company made sales to two new customers, who were starting new businesses. Hampton Company
Additionally, during the course of Hampton Company made sales to two new customers, who were starting new businesses. Hampton Company required them to sign the following notes:
On June Zimmerman, Inc. purchased $ of equipment from Hampton. Zimmerman
signed a note that required $ down with the remainder due in quarterly installments dueo n Sept Dec Mar June etc. The interest rate on the note is
With regards to these notes, please make the following journal entries for Hampton:
A The journal entries to record the initial sale of equipment, receipt of cash, and note receivable for both notes.
B Any payments made by Zimmerman during the course of
C Interest revenue accrued as of
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