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and number B Samberg Inc. had the following transactions. a. Oct. 1-Sold $20,500 of merchandise on account, 1/10, n30 to McCormick Industries b. Nov. 1-Received
and number B
Samberg Inc. had the following transactions. a. Oct. 1-Sold $20,500 of merchandise on account, 1/10, n30 to McCormick Industries b. Nov. 1-Received a $20,500, 90 day, 11% note from McCormick Industries to settle its S20,500 unpaid c. Dec. 31-Accrued interest on the note. d. Jan. 31 -Received the interest on the note's maturity date. e, Jan. 31 Received the principal on the note's maturity date, Required Prepare the required journal entries. (Round your answer to the nearest whole dollar amount If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) view transaction list view general journal Journal Entry Worksheet 2005 Record the entry for sale of merchandise on account to McCormick Industries General Journal Debit Credit Oct 01 "Enter debits before credits clear entry record entyStep by Step Solution
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