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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.) Jan. 4, 2018: Recorded credit sales of $103,000. Ignore Cost of Goods Sold. Date Accounts and Explanation Debit Credit 2018 Jan. 4 Sep. 1, 2018: Loaned $23,000 to Jess Price, an executive with the company, on a one-year, 12% note. Date Accounts and Explanation Debit Credit 2018 Sep. 1 Dec. 31, 2018: Accrued interest revenue on the Price note. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Sep. 1, 2019: Collected the maturity value of the Price note. (Prepare a single compound journal entry.) Date Accounts and Explanation Debit Credit 2019 Sep. 1
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