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-please fill in above thanks! Exercise 8-7 has the following transactions related to notes receivable during the last 2 months of the year. The company
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Exercise 8-7 has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to Malone Supply Co accrue interest except at December 31. Nov. 1 Loaned $51,200 cash to B. Carr on a 12-month, 8% note 2. Dec. 11 Sold goods to R. P. Kiner, Inc., receiving a $4,500, 90-day, 9% note 3. Dec. 16 Received a $13,300, 180-day, 8% note to settle an open account from M. Adcock. 4. Dec. 31 Accrued interest revenue on a notes receivable. Journalize the transactions for Malone Supply Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to o decimal places, e.g. 5,250.) Date Account Titles and Explanation Credit DebitStep by Step Solution
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