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Concord Company closes its books on its July 31 year-end. The company does not make entries to accrue for interest except at its year-end. On
Concord Company closes its books on its July 31 year-end. The company does not make entries to accrue for interest except at its year-end. On June 30, the Notes Receivable account balance is $22,400. Notes Receivable include the following. Date April 21 May 25 June 30 July 5 14 20 Maker 24 Coote Inc. Brady Co. BMG Corp. Face Value $5,600 6,600 During July, the following transactions were completed. 10,200 Term 90 days 60 days 6 months Maturity Date July 20 July 24 December 31 Interest Rate Made sales of $4,800 on Concord credit cards. Made sales of $600 on Visa credit cards. The credit card service charge is 3%. Received payment in full from Coote Inc. on the amount due. Received payment in full from Brady Co. on the amount due. 6% 8% 4%
please help with all parts, i tried part a but i keep getting stuck. THANK YOU SO MUCH!
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