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I just need the last two Journal entries. Thanks! Samberg Inc. had the following transactions a. Oct. 1 Sold $20,500 of merchandise on account, 1/10,
I just need the last two Journal entries. Thanks!
Samberg Inc. had the following transactions a. Oct. 1 Sold $20,500 of merchandise on account, 1/10, n/30 to McCormick Industries. b. Nov. 1 -Received a $20,500, 90-day, 11% note from McCormick Industries to settle its $20,500 unpaid balance c. Dec. 31 Accrued interest on the note d. Jan. 31 Received the interest on the note's maturity date e. Jan. 31 Received the principal on the note's maturity date. Required: Prepare the required journal entries. (Round your answer to the nearest whole dollar amount. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) view transaction list view general journal Journal Entry Worksheet 12346 Record the entry for payment received from McCormick Industries the principal on the note's maturity date. General Journal Debit Credit Date Jan 31 *Enter debits before credits clear entry record entry doneStep by Step Solution
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