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Can somebody help me on this! Thank you! Joumalize the following transactions of Caspian Inc, which ends its accounting year on November 30 Sep 1
Can somebody help me on this! Thank you! Joumalize the following transactions of Caspian Inc, which ends its accounting year on November 30 Sep 1 Loaned $12,000 cash to Brett Dowling on a one-year, 4% note. Nov 6 Sold goods to Turf Pro receiving a 90-day, 12% node for 514,000 Ignore cost of goods sold 30 Made a single entry to accrue interest revenue on both notes. Use a 360 day year for BOTH Interest computations and round to the nearest dollar (Record debits first, then credits. Exclude explanations from any journal entries ) Journalize the loan to Brett Dowling Journal Entry Accounts Date Debit Credit Sep
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