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Hughes Foods completed the following selected transactions. (Click here to see the transactions.) Read the requirements. Requirement 1. Record the transactions in Hughes Foods' journal.
Hughes Foods completed the following selected transactions. (Click here to see the transactions.) Read the requirements. Requirement 1. Record the transactions in Hughes Foods' journal. Assume that no sales returns are expected. Round all amounts to the nearest dollar. Explanations are not required. (Record debits first, then credits. Exclude explanations from any oumal entries.) Oct 31: Sold goods to Bragg Market, receiving a $31,000, three month, 4.5% note. (You do not need to make the cost of goods sold journal entry for this transaction.) Journal Entry Date Accounts Debit Credit 2018 0 More Info Oct 2018 Oct 31 Sold goods to Bragg Market, receiving a $31,000, three month, 4.5% note. (You do not need to make the cost of goods sold journal entry for this transaction.) 31 Made an adjusting entry to accrue interest on the Bragg Market note. Dec 2019 Jan Nov 31 Collected the Bragg Market note. 11 Loaned $15,000 cash to St Thomas Provisions, receiving a 90-day, 10.25% note, 31 Accrued the interest on the St Thomas Provisions note. Dec Print Done Choose from any list or enter any number in the input fields and then click Check
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