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E8.12 SupplyCo. had these transactions related to notes receivable during the last 2 months of the year. The company only makes entries to accrue
E8.12 SupplyCo. had these transactions related to notes receivable during the last 2 months of the year. The company only makes entries to accrue interest at Dec 31. Nov01... Loaned $60,000 cash to C. Bohr on a 12-month, 7% note. Dec11 Sold goods to Pine, Inc., receiving a $3,600, 90-day, 8% note. Dec16. Rec' a $12,000, 180-day, 9% note to settle an open acct recbl from A. Murdock. Dec31. Accrued interest revenue on all notes receivable. Show your calculations for each of the three customers to get the total amount of the interest revenue Instructions Journalize the transactions for Moses Supply Co. (Omit cost of goods sold entries.) Nov 01
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