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i need help for this question Question 06: Following are the transactions of PriceCoopers Co. 2020 Nov. 21 Received an $20,000, 80 day, 4 percent
i need help for this question
Question 06: Following are the transactions of PriceCoopers Co. 2020 Nov. 21 Received an $20,000, 80 day, 4 percent note from Newton Co. on account. (1 mark) 30 Recorded VISA credit card sales of $26,000. VISA charges 3 percent of sales. (3 mark) Dec. 31 Made an adjusting entry to accrue interest on the Newton Co note. (1 mark) 31 Made an adjusting entry to record bad debt expense based on 3 percent of credit sales of $1,045,000. (1 mark) Dec. 31 Made an adjusting entry to accrue interest on the Newton Co. note. (1 mark) 31 Made an adjusting entry to record bad debt expense based on 3 percent of credit sales of $1,045,000. (1 mark) 2021 Jan 20 Collected the maturity value of the Newton note. (4 mark) Required Prepare joumal entries for the following transactions, Explanations are not required Step by Step Solution
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