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Please read the question CAREFULLY and answer EVERYTHING CORRECTLY for the years 2021 and 2022. Thank you! These transaction took place for Tamarisk, Inc. during
Please read the question CAREFULLY and answer EVERYTHING CORRECTLY for the years 2021 and 2022. Thank you!
These transaction took place for Tamarisk, Inc. during the years 2021 and 2022. 2021 May 1 Received a $37,300, 1-year, 9% note in exchange for an outstanding account receivable from T. Foley. Dec. 31 Accrued interest revenue on the T. Foley note. 2022 May 1 Received principal plus interest on the T. Foley note. (No interest has been accrued since December 31,2021. Record the transactions in general journal. (Credit account titles are automatically indented when the amount is entered. Do not indent nanually. Record journal entries in the order presented in the problem.) 2022Step by Step Solution
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