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Endurance Running Shoes reports the following: 2016 Jan. 3 Recorded credit card sales of $105,000, net of processor fee of 3%. Ignore Cost of Goods

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Endurance Running Shoes reports the following: 2016 Jan. 3 Recorded credit card sales of $105,000, net of processor fee of 3%. Ignore Cost of Goods Sold. Oct 1 Loaned $20,000 to Jerry Parker, an executive with the company, on a one-year, 15% note. Dec. 31 Accrued interest revenue on the Parker note 2017 Oct 1 Collected the maturity value of the Parker note Journalize all entries required for Endurance Running Shoes (Record debits first, then credits. Select the explanation on the last line Jan 3, 2016: Recorded credit card sales of $105,000, net of processor fee of 3%. Ignore Cost of Goods Sold (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit 2016 Jan 3 Oct 1, 2016: Loaned $20,000 to Jerry Parker, an executive with the company, on a one-year, 15% note. Date Accounts and Explanation Debit Credit 2016 Oct. 1 Dec 31, 2016: Accrued interest revenue on the Parker note. Date Accounts and Explanation Debit Credit 2016 Dec. 31 Oct 1, 2017 Collected the maturity value of the Parker note. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit 2017 Oct. 1

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