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Journalize the following transactions of Celtic Inc., which ends its accounting year on June 30 Apr Jun 1 Loaned $14,000 cash to Carl Fajar on

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Journalize the following transactions of Celtic Inc., which ends its accounting year on June 30 Apr Jun 1 Loaned $14,000 cash to Carl Fajar on a one-year, 6% note. 6 Sold goods to Fairway Masters, receiving a 90day, 10% note for $12.000 Ignore cost of goods sold 30 Made a single entry to accrue interest revenue on both notes, Use a 360-day year for interest computations and round to the nearest dollar Record debits first, then credits. Exclude explanations from any journal entries) Journalize the loan to Carl Fajar Journal Entry Date Accounts Debit Credit Apr Journalize the note to Fairway Masters. Ignore cost of goods sold. Journal Entry Date Accounts Debit Credit Jun Jounalize the single entry to accrue interest revenue on both notes. Use a 360-day year for interest computations and round to the nearest dollar Journal Entry Date Accounts Debit Credit Jun

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