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LUS weygandt, Accounting prindiples, 12e PRINCIPLES OF ACCOUNTING 1A I PRINCIPLES OF ACCOUNTING I& II (ACC 201-202) STANDARD VIEW PRINTER VERSION BACK NEXT Exercise 9-10

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LUS weygandt, Accounting prindiples, 12e PRINCIPLES OF ACCOUNTING 1A I PRINCIPLES OF ACCOUNTING I& II (ACC 201-202) STANDARD VIEW PRINTER VERSION BACK NEXT Exercise 9-10 (Part Level Submission) Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months of 2017. The company does not make entries to accrue interest except at December 31. ent tPart Nov. 1 Dec. 11 16 31 Loaned $14,000 cash to Manny Lopez on a 12-month, 12% note. Sold goods to Ralph Kremer, Inc., receiving a $28,800, 90-day, 10% note. Received a $28,600, 180 day, 12% note in exchange for Joe Fernetti's outstanding accounts receivable. Accrued interest revenue on all notes receivable. 7 (Part ? (a) Dournalize the transactions for Elburn Supply Co. (Credit account tities are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation. Round answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.) Part on) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 0 of 3 used SAVE FOR LATER SURMIT

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