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On June 3 0 , 2 0 2 4 , the Esquire Company sold some merchandise to a customer for $ 6 8 , 0
On June the Esquire Company sold some merchandise to a customer for $ In payment, Esquire agreed to accept a note requiring the payment of interest and principal on March The rate is appropriate in this situation.
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Prepare journal entries to record the sale of merchandise omit any entry that might be required for the cost of the goods sold the December interest accrual, and the March collection.
If the December adjusting entry for the interest accrual is not prepared, by how much will income before income taxes be over or understated in and
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