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Please help me with following accounting question. Will give good rating! thank you in advance Question 1 Distributors Plus engaged in the following transactions: 20X8

Please help me with following accounting question. Will give good rating! thank you in advance image text in transcribed
Question 1 Distributors Plus engaged in the following transactions: 20X8 April 1: Lent $20,000 to Varner Agencies, and received a six- month, 10% note. October 1: Collected the Varner Agencies note plus interest. November 30: Lent $15,000 to Fame Industries on a three- month, 12% note. December 31: Accrued interest revenue on the Fame Industries note. 20X9 February 28: Collected the Fame Industries note plus interest. Required: Record all the journal entries needed for the above transactions

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