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please make journal entries for these: 1) collected $75 in cash from sales made during Dec. 2015 and Nov. 2015. 2) paid $75 of accrued
please make journal entries for these:
1) collected $75 in cash from sales made during Dec. 2015 and Nov. 2015.
2) paid $75 of accrued interest on the note payable, which was accrued at the end of December 2015.
3) paid inventory suppliers $25 for purchases made during December 2015.
4) purchased additional inventory and miscellaneous supplies. It paid cash of $25 for the inventory. The miscellaneous supplies were purchased on account from suppliers for $12. All misc. supplies are immediately expensed when purchased.
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