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Prepare journal entries to record the following transactions entered into by the Cullumber Company. Omit cost of goods sold entries. fCredit account tittes are automatically

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Prepare journal entries to record the following transactions entered into by the Cullumber Company. Omit cost of goods sold entries. fCredit account tittes are automatically Indented when the amount is entered. Do not indent manuafly: Hst all deblt entrfes before credit entrfes. If no entry is required, select "No Entry" for the occount tities and enter o for the amounts.) 2024 Juhe 1 Received a $14,700,8%,1-year note from Luke Bryan as full payment on his account. Nov. 1 Sold merchandise on account to Ace, Inc, for $20,000, terms 3/10,n/30. Nov, 5 Ace, fnc, returned merchandise worth $1,100. Nov. 9 Recelved payment in full from Ace, Ine. Dec. 31 Accrued Interest on Bryan's note. 2025 June 1 tuke Bryan honored his promissory note by sending the face amount plus interest. 2024 2025

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