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ment NEXT Sunland Com except at December 31. (Omit cost of goods sold entries.) pany has the following transactions related to notes receivable during the
ment NEXT Sunland Com except at December 31. (Omit cost of goods sold entries.) pany has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest Nov. 1 Loaned $59,400 cash to C. Bohr on a 12-month, 7% note. Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $1,800, 90-day, 9% note. | Dec. 16 Received a $16,800, 180-day, 11% note to settle an open account from A. Murdock. Dec. 31 Accrued interest revenue on all notes receivable. Journalize the transactions for Sunland Company (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Credit Nov. 1 Notes Receivable 1800 Dec. 11 Notes Receivable 1800 16800 Dec. 16 Notes Receivable 16800 Accounts Receivable 7097 Dec. 31 |Interest Receivable 7097 Interest Revenue MacBook Pro
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