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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, then
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.) Feb. 2, 2024: Recorded credit sales of $110,000. Ignore Cost of Goods Sold, Date Accounts and Explanation Debit Credit 2024 Feb. 2 More info Nov. 1, 2024: Loaned $18,000 to Tess Parker, an executive with the company, on a one-year, 7% note. Date Accounts and Explanation Debit Credit 2024 2024 Feb. 2 Nov. 1 Dec. 31 Recorded credit sales of $110,000. Ignore Cost of Goods Sold. Loaned $18,000 to Tess Parker, an executive with the company, on a one-year, 7% note. Accrued interest revenue on the Parker note. Nov. 1 2025 Nov. 1 Collected the maturity value of the Parker note. Dec 31, 2024: Accrued interest revenue on the Parker note. Print Done Date Accounts and Explanation Debit Credit 2024 Dec. 31 Nov. 1, 2025: Collected the maturity value of the Parker note. (Prepare a single compound journal entry.) Date Accounts and Explanation Debit Credit 2025 Nov. 1
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