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On March 1, Kole Company accepted a 80-day, 9%, $14,800 not receivable from J. Oliver in exchange for his account receivable. Read the requirements Requirement

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On March 1, Kole Company accepted a 80-day, 9%, $14,800 not receivable from J. Oliver in exchange for his account receivable. Read the requirements Requirement 1. Journalize the transaction on March 1. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table) Accounts and Explanation Debit Date Credit Mart Requirements 1. Journalize the transaction on March 1. 2. Journalize the adjusting entry needed on March 31 to accrue interest revenue Round to the nearest dollar. 3. Journalize the collection of the principal and interest at maturity Specify the date. Round to the nearest dollar Print Done Choose from any list or enter any number in the input fields and then click Check Answer Help Me Solve This eText Pages Get More Help

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