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On June 1 , 2 0 1 9 , Zimmerman, Inc. purchased $ 8 5 , 0 0 0 of equipment from Hampton. Zimmerman signed
On June Zimmerman, Inc. purchased $ of equipment from Hampton. Zimmerman
signed a note that required $ down with the remainder due in quarterly installments due
on Sept Dec Mar June etc. The interest rate on the note is
With regards to these notes, please make the following journal entries for Hampton:
A The journal entries to record the initial sale of equipment, receipt of cash, and note receivable for
both notes.
B Any payments made by Zimmerman or Mueller during the course of
C Interest revenue accrued as of
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