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K Feb. 1: Loaned $20,000 cash to Britt Durant on a one-year, 8% note. Accounts and Explanation Date The following selected transactions occurred during 2024
K Feb. 1: Loaned $20,000 cash to Britt Durant on a one-year, 8% note. Accounts and Explanation Date The following selected transactions occurred during 2024 and 2025 for Caribbean Importers. The company ends its accounting year on April 30. i (Click the icon to view the transactions.) Journalize all required entries. Make sure to determine the missing maturity date. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) 2024 Feb. 1 Date Debit 2024 Apr. 6 2 of 3 Apr. 6: Sold goods to Fairway Masters, receiving a 90-day, 6% note for $12,000. Ignore Cost of Goods Sold. accounts and Explanation Debit Credit point(s) possible This question: 10 point(s) possible Credit Submit te Apr. 30: Made a single entry to accrue interest revenue on both notes. (Use months for the one-year note interest computation and a 365-day year for the 90 day note interest computati the nearest cent.) Time Remaining: 02:26:58
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