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journalize the transactions The following transactions were carried out by Columbia Outfitting. Columbia has a December 31 year-end. You can round off interest to the
journalize the transactions The following transactions were carried out by Columbia Outfitting. Columbia has a December 31 year-end. You can round off interest to the nearest full month. July 31: Brookside Co.repaid their overdue account receivable by issuing us a $3.000, three month, 6 note. August 31: Abbey Ltd. purchased merchandise for $4.500 and signed a 6 month, 8% note in payment. Our cost for the merchandise was $3.200. September 30: Cage Co. borrowed 58.000 cash from us and issued us a six- month, 8% note. October 31: Brookside repaid their note plus interest. December 31: Journalized the year-end interest adjustment for the Abbey Ltd. note. December 31: Journalized the year-end interest adjustment for the Cage Co. note. February 28: Abbey repaid their note plus interest. March 31. Cage Co. repaid their note plus interest
journalize the transactions
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