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- Comnanunama is lawal'c I andina Camirac 1+4IICl Question 2 Information: - Company name is Jewel 's Lending Servi ces Ltd. (JLS) -Year end is
- Comnanunama is lawal'c I andina Camirac 1+4IICl
Question 2 Information: - Company name is Jewel 's Lending Servi ces Ltd. (JLS) -Year end is August 31, 2022 - JIS signed a promissory note receivable with Isaac Investing Corporation lending IIC funds with the following details: 11 14 IS 17 18 19 - Amount $1,800,000 -Interest of 7% (interest begins from start of the loan) -Payments of $50,000 per month plus interest beginning September 30, 2022 - Maturity date July 31, 2032 -Signed on August 1, 2022 Round all amounts up to the next dollar. Requirements: 1 Prepare theentryto record thetransaction and anyyear-end entriesforJLS. Provide descriptionsforthe journal entries. Marks Available: 2 2 Prepare the entry to record the interest and principal payment on September 30, 2022 for JLS. Provide ) journal entry description for all transacti ons. Marks Available: 2 3 i If Isaac Investing Corporation had the same year end, record the entries from their perspective, with descriptions. Marks Available: 4 24 27 30 Ready I QI Info I Bank Rec Accessibility: Investigate QI JE's 02 Info 02 JE's Q3 Info I 03 JEIs
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