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.'Er-EB Durham lilompanyr closes its books on its October 31 year-end. The company does 1ot make entries to accrue for interest except at its year-end.

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.'Er-EB Durham lilompanyr closes its books on its October 31 year-end. The company does 1ot make entries to accrue for interest except at its year-end. On September 31], the Notes leceivable account balance is $22,3U. Notes Receivable include the Following. Date Maker Face 1'iialue Terra Maturityr Date Interest Rate tug. iii Stuhmer Inc. EIIILEIIJ Ell] days Oct. 15 6% lug. 25 Mcberg Co. 3,0III 2 months Oct. 2.5 7% Sept. SD Earnest Corp. stem 6 months Mar. 30 xi: nterest is computed using a Soil-day year. During October; the following transactions vere completed. Oct. '1" Made sales of $4,6 on Durhan credit cards. 12 Made sales of $601] on Visa credit cards. The credit card service charge is 3%. 15 Received payment in Full from Stuhmer Inc. on the amount due. 25 Received payment in full from Moberg Co. on amount due. hsmom' a} Journalize the October transactions and the Octobe1 3] adjusting entrv i'o1 accrued interest receivable. {Interest Is computed using 3da_vs; omit cost oligoods sold entries. :1 b] Enter the balances at October 1 in the receivable accounts and post the entries to all of the receivable accounts. {Use Taccounts.) c] Show the balance sheet presentation of the receivable accounts at October 31, 2014. .'BJJB Suppose the following nancial information [in millions] is from the 21114 annual hep-wire entries ir various credit curdurid' note: receivable Imus-actions. iLii 11-. 5. ll. 5|}. hl' ELS [b] Mil lJl. 54.503 in} Tut. renei'a'mlas 314.4119 Cnicniote and interpret

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