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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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