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ignore the top one On December 1, Bramble Corp. has three DVD players left in stock. All are identical, all are priced to sell at
ignore the top one
On December 1, Bramble Corp. has three DVD players left in stock. All are identical, all are priced to sell at $81. One of the three DVD players left in stock, with serial #1012, was purchased on June 1 at a cost of $ 52. Another with serial #1045, was purchased on November 1 for $49. The last player, serial #1056, was purchased on November 30 for $41. Blossom Company has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31 Nov. 1 Dec 11 Loaned $ 62,000 cash to C. Bohr on a 12-month, 12% note. Sold goods to K. R. Pine, Inc. receiving a $4,050, 90-day, 8% note. Received a $ 9,600, 180-day, 9% note to settle an open account from A. Murdock. Accrued interest revenue on all notes receivable. 16 31 Journalize the transactions for Blossom Company (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is enteros. Loriot Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Use 360 days for calculation. Round intermediate calculations to 5 decimal places, es. 15.25127 and final answers to decimal places, eg 5,275.) Date Account Titles and Explanation Debit Credit Nov. 1 Notes Receivable 62,000 Cash 62,000 Dec 11 Notes Receivable 405 Step by Step Solution
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