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I need some help. 2. ENTRIES FOR RECEIPT OF NOTES RECEIVABLE (10 Points) - In the space provided below, prepare the journal entries for the
I need some help.
2. ENTRIES FOR RECEIPT OF NOTES RECEIVABLE (10 Points) - In the space provided below, prepare the journal entries for the following Note Receivable transactions. The Peeps Factory had the following transactions in 2018: Date Transaction April 1 Peeps loaned Cash to Jelly Belly the amount of $50,000 on a 3 month note at 6% dated April 1 June 30 Received from Jelly Belly, cash for the amount of the note plus the 3 months interest Step by Step Solution
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