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Consider the following transactions that occurred for Bass Boogey Music Company during 2018 and 2019, and answer the questions below: (Click the icon to
Consider the following transactions that occurred for Bass Boogey Music Company during 2018 and 2019, and answer the questions below: (Click the icon to view the transactions.) Requirement 1. Record the transactions in Bass Boogey' journal. Explanations are not required. Mar 3: Purchased a piano (inventory) for $45,000, signing a six-month, 8% note payable. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Mar Date 2018 3 Accounts May 31: Borrowed $72,000 on a 5% one-year note payable. Journal Entry Date 2018 May 31 Accounts Debit Credit Debit Credit
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