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Journalize the following transactions (assume a 360-day year when computing interest): Mar. 1 Received a 90-day, 10% note for $24,000, dated March 1, from
Journalize the following transactions (assume a 360-day year when computing interest): Mar. 1 Received a 90-day, 10% note for $24,000, dated March 1, from Batson Co. on account. May 30 The note of March 1 was dishonored. If an amount box does not require an entry, leave it blank. Mar. 1 Notes Receivable-Batson Co. Accounts Receivable-Batson Co. 24.000 24.000 May 30 Accounts Receivable-Batson Co. 24.600 Notes Receivable-Batson Co. 24.000 Interest Revenue 600
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