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On January 1 , 2 0 2 4 , Julius Randle Inc. sold goods to a customer, and accepted a non - interest - bearing
On January Julius Randle Inc. sold goods to a customer, and accepted a noninterestbearing note in exchange. The note requires the customer pay Julius $ on December The appropriate interest rate is
a Report the full amortization table
b Make all and journal entries from the point of view of Julius Randle Inc. Ignore any cost
of goods sold.
c For each entry, report the effects on total assets, liabilities, equity, revenues, expenses, and net
income. Give both direction and amount. Also report the total effects of all the journal entries.
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