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On August 1, 2022, Wiggins loaned a vendor cash by issuing a note receivable. The note receivable was for $17,000, 8 months, 4%. Prepare the

On August 1, 2022, Wiggins loaned a vendor cash by issuing a note receivable. The note receivable was for $17,000, 8 months, 4%. Prepare the journal entry for the note issuance on August 1. Include the memo entry.
GENERAL JOURNAL
Date Accounts Debit Credit
Aug. 1
Prepare the journal entry for the adjusting entry on December 31, 2022. Include the memo entry.
GENERAL JOURNAL
Date Accounts Debit Credit
Dec. 31
Prepare the journal entry the receipt of payment on March 31, 2023. Include the memo entry.
Mar. 31

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