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Flash Running Shoes reports the following: Course: 010:203 - Financlal Accounting - Fall2023 Yiew the information.' Journalize al entries required for Flash Running Shoes. (Record

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Flash Running Shoes reports the following: Course: 010:203 - Financlal Accounting - Fall2023 Yiew the information.' Journalize al entries required for Flash Running Shoes. (Record debits first, then credits. Solect the explanation on the last line of the journal entry table.) Mar, 2. 2025: Recorded credit sales of $109,000, lonoce Cost of Goods sold. Nov, 1, 2025: Loaned $12,000 to Karen Perry, an executive with the company, on a one-year, 8\% note. Dec. 31, 2025: Accrued interest revenue on the Perry note. Nov, 1,2020: Collected the maturity value of the Perry note. (Prepare a single compound joumal entry)

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