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Flash Running Shoes reports the following: (Click the icon to view the information.) Journalize all entries required for Flash Running Shoes. (Record debits first,
Flash Running Shoes reports the following: (Click the icon to view the information.) Journalize all entries required for Flash Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jul. 1, 2024: Loaned $15,000 to John Pritchett, an executive with the company, on a one-year, 14% note. Date 2024 Jul. 1 Accounts and Explanation Dec. 31, 2024: Accrued interest revenue on the Pritchett note. Date 2024 Accounts and Explanation Dec. 31 Debit Credit Debit Credit Jul. 1, 2025: Collected the maturity value of the Pritchett note. (Prepare a single compound journal entry.) Date 2025 Jul. Accounts and Explanation Debit Credit
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