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Exercise 8-12 (Part Level Submission) 5plish Brothers Inc, has the following transactions related to nates recelvable during the last 2 months of 2019. The company
Exercise 8-12 (Part Level Submission) 5plish Brothers Inc, has the following transactions related to nates recelvable during the last 2 months of 2019. The company does not make entries to accrue interest except at December 31 Nov. 1 Dec. 11 16 31 Loaned $14,40a cash to Manny Lopez on a 12 month, 1096 note. Sold goods to Ralph Kremer, Inc. receiving a s31,500, 90-day, 6% note. Received a $30, 72D, 180) day, 10% note in XChange for Jne Fametti's autstanding crounts receivable. Accrued interest revenue on all notes recevable. Your answer is correct. lournalize the transactions for Splish Brothers Inc. (Credit account titfes are automatically indented when amount is entered. Do not Indent manually. Use 360 days for calculation. Round answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the probvem.) Date Account Titles and Explanation Debit Credit otes Receivable 440 Recevable ec 16 Notes Receivable 072 ccourts Receivasl 072 1nterest Receivabl Attempts: 3 of 5 used Record the collection of the Lopez note at its maturity in 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually,) Date Account Titles and Explanation Debit Credit Attempts: 0 of 5 used
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