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Exercise 240 These transaction took place for Sanders Co. 2016 May 1 Received a $15,000, 1-year, 9% note in exchange for an outstanding account receivable

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Exercise 240 These transaction took place for Sanders Co. 2016 May 1 Received a $15,000, 1-year, 9% note in exchange for an outstanding account receivable from T. Foley. Dec. 31 Accrued interest revenue on the T. Foley note. 2017 May 1 Received principal plus interest on the T. Foley note. (No interest has been accrued since December 31, 2016.) Record the transactions in general journal. (Credit account titles are automatically indented when the amount is entered. Do not indent man Date Account Titles and Explanation 2016 Debit Credit May 1 Search 111 olo 5 #2 Date Account Titles and Explanation 2016 Debit Credit May 1 (Part Ission) Dice Dec. 31 se 6-2 Ise 215 olce 2017 hoice May 1 Type here to search 2017 May 1 Click if you would like to Show Work for this question: Open Show Work 215 Question Attempts: "pe here to search o e $ New

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