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Problem 10-2A The following are selected transactions of Bramble Corp. Bramble prepares financial statements quarterly Jan. 2 Purchased merchandise on account from Nunez Company, $26,400,
Problem 10-2A The following are selected transactions of Bramble Corp. Bramble prepares financial statements quarterly Jan. 2 Purchased merchandise on account from Nunez Company, $26,400, terms 3/10, n/30. (Bramble uses the perpetual inventory system.) Feb. 1 Issued a 9%, 2-month, $26,400 note to Nunez in payment of account. Mar. 31 Accrued Interest for 2 months on Nunez note. Apr. 1 Pald face value and interest on Nunez note. July 1 Purchased equipment from Marson Equipment paying $10,800 in cash and signing a 10%, 3-month, $60,000 note. Sept. 30 Accrued Interest for 3 months on Marson note. Oct. 1 Paid face value and Interest on Marson note. Dec. 1 Borrowed $31,200 from the Paola Bank by issuing a 3-month, 8% note with a face value of $31,200. Dec. 31 Recognized interest expense for 1 month on Paola Bank note Prepare journal entries for the listed transactions and events. (Credit account titles are automatically. Indented when amount is entered manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
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