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please record the journal entries for each Sparky News Corporation uses the accrual basis of account a. For each of the following year-end adjustments, re

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please record the journal entries for each
Sparky News Corporation uses the accrual basis of account a. For each of the following year-end adjustments, re Additional Information: Sparky received $18,000 cash in advance from a customer for twelve months' rent on October 1 of the current year. Sparky recorded the original entry rent revenue for the full amount. 18,80 4500 Sparky estimates bad debts to be 4% of ending Accounts Receivable. At December 31, Sparky reported Accounts Receivables of $600,000 (dr) and the Allowance for Doubtful Accounts before adjustment showed a debit balance of $7,000. On May 1 of the current year, Sparky sold good to a customer and accepted a $350,000 one-year, 6% APR Note Receivable. The original journal entry was recorded with a debit to Notes Receivable and credit to Sales Revenue for $350,000. Principal and interest will be repaid at maturity on April 30th of the next fiscal year. Record the year-end, AJE to accrue interest

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