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Good Morning, I need help with the assignment attached, thanks Exercise 13-2 (Part Level Submission) The following are selected 2017 transactions of Blue Corporation. Sept.
Good Morning, I need help with the assignment attached, thanks
Exercise 13-2 (Part Level Submission) The following are selected 2017 transactions of Blue Corporation. Sept. 1 Oct. 1 Oct. 1 Purchased inventory from Encino Company on account for $58,800. Blue records purchases gross and uses a periodic inventory system. Issued a $58,800, 12-month, 8% note to Encino in payment of account. Borrowed $58,800 from the Shore Bank by signing a 12-month, zero-interest-bearing $61,760 note. (a) Prepare journal entries for the selected transactions above. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record entries in the order displayed in the problem statement.) Date October 1 Account Titles and Explanation Debit CreditStep by Step Solution
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