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Journalize all entries required for Marathon Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Journalize all entries required for Marathon Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 6, 2025: Recorded credit sales of $90,000. Ignore Cost of Goods Sold. Jul. 1, 2025: Loaned $15,000 to John Pritchett, an executive with the company, on a one-year, 14% note. Information Marathon Running Shoes reports the following: View the information. Journalize all entries required for Marathon Running Shoes. (Record debits first, then credits. Select the explanation the last line of the journal entry table.) Dec. 31, 2025: Accrued interest revenue on the Pritchett note. Jul. 1, 2026: Collected the maturity value of the Pritchett note. (Prepare a single compound journal entry.)
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