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Prepare journal entries to record the following transactions of Namco. (Use 360 days a year.) April 1 Accepted a $8,400, 90-day, 7% note from Travis
Prepare journal entries to record the following transactions of Namco. (Use 360 days a year.) April 1 Accepted a $8,400, 90-day, 7% note from Travis in granting a time extension on his past-due account receivable. June 30 Travis dishonored his note. View transaction list x X: 1 Record receipt of note on account. > 2 Record the maturity value of Travis' dishonored note. Credit Note : = journal entry has been entered = Journal entry worksheet 1 2 > Record receipt of note on account. Note: Enter debits before credits. Date General Journal Debit Credit April 01 Record entry Clear entry View general journal Journal entry worksheet
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