Question
pr. 10.Received a $171,000, 6%, 60-day note on account.May 15.Received a $285,300, 8%, 120-day note on account.June 9.Received $172,710 on note of April 10.Aug. 22.Received
pr. 10.Received a $171,000, 6%, 60-day note on account.May 15.Received a $285,300, 8%, 120-day note on account.June 9.Received $172,710 on note of April 10.Aug. 22.Received a $165,200, 4%, 45-day note on account.Sept. 12.Received $292,908 on note of May 15.30.Received a $195,000, 7%, 60-day note on account.Oct. 6.Received $166,026 on note of August 22.18.Received a 141,600, 4%, 60-day note on account.Nov. 29.Received $197,275 on note of September 30.Dec. 17.Received $142,544 on note of October 18.Required:
Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year when calculating interest.
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