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Marathon Running Shoes reports the following: (Click the icon to view the information.) Journalize all entries required for Marathon Running Shoes. (Record debits first, then
Marathon Running Shoes reports the following: (Click the icon to view the information.) Journalize all entries required for Marathon Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Apr. 3, 2018: Recorded credit sales of $110,000. Ignore Cost of Goods Sold. Date Accounts and Explanation Debit Credit 2018 Apr. 3 Oct. 1, 2018: Loaned $15,000 to Karen Powell, an executive with the company, on a one-year, 16% note. Date Accounts and Explanation Debit Credit 2018 Oct. 1 Date Accounts and Explanation Debit Credit 2018 Apr. 3 Accounts Receivable Cash Credit Card Expense Interest Receivable Oct. 1, 2018 Interest Revenue Note ReceivableKaren Powell Date Sales Revenue 2018 the company, on a one-year, Debit Credit Dec. 31, 2018: Accrued interest revenue on the Powell note. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Oct. 1, 2019: Collected the maturity value of the Powell note. (Prepare a single compound journal en Date Accounts and Explanation Debit Credit 2019 Oct. 1
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