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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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the nearest cont) \begin{tabular}{|l|l|l|l|l|} \hline Date & Accounts and Explanation & Debit & Credit \\ \hline 2024 & & \\ \hline Apr 30 & & & \\ \hline \end{tabular} computation. Round to the nearest cent) \begin{tabular}{|l|l|l|l|l|} \hline Date & Accounts and Explanation & Debit & Credit \\ \hline & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Time Remaininy tertos SWoxt The following selected transactions occurred during 2024 and 2025 for Caribbean importers. The company onds ts accounting year on April 30 (i) (Cick the ieon to vew the transoctionsi) Journaize all required entries, Make sure to determine the missing maturity dato. (Record dabits first, then credits Selact the explanation on the ast ine of the purnit ertry tatin) Feb. 1: Loaned $20,000 cash to Britt Durant on a one-year, 8% noto. Apr. 6: Soid goods in - way Masters, receiving a 90-day, 6\% note for \$12,000. Ignore Cost of Goods Sols. Apr. 30: Made a single entry to accrue interest rovenue on both notes. (Use mionths toe the one-yor note interest computafion and a 365 -day year for the 90 day nole inteceut compu the nobrest cent) Feb. 1: Collected the maturity value of the Durant note. (Prepare a single compound joumal entry, Use months for this interest corrputation) \begin{tabular}{|c|c|c|c|} \hline Date & Accounts and Explanation & Debit & Credit \\ \hline \multicolumn{4}{|l|}{2025} \\ \hline \multicolumn{4}{|l|}{ Feb. 1} \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular}

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