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Current Attempt in Progress On June 1, 2024, Sheridan Company purchases equipment on account from Moleski Manufacturers for $43,200. Sheridan is unable to pay
Current Attempt in Progress On June 1, 2024, Sheridan Company purchases equipment on account from Moleski Manufacturers for $43,200. Sheridan is unable to pay its account on July 1, 2024, so Moleskl agrees to accept a three-month, 6% note payable from Sheridan. Interest is payable the first of each month starting August 1.2024, Sheridan has an August 31 fiscal year end and adjusts its accounts on an annual basis Record all transactions related to the note for Sheridan Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to O decimal places, eg 5.275. Recond journal entries in the order presented in the problem) Date Account Titles 2024 eTextbook and Media Debit Credit
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