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PROBLEM 2 : Smores Co . has the following transactions related to notes receivable during the last 6 months of the year. The company does

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PROBLEM 2: Smores Co. has the following transactions related to notes receivable during the last 6 months of the year. The company does not make entries to accrue interest except at December 31.
\table[[On July 1, sold goods to Bella, Inc., receiving a $20,000,12-month, 9% note.],[Loaned $16,000 cash to G. Kelly on a 6-month, 7.5% note, dated September 1.],[On Nov. 1, received a $8,000,3 month, 9% note to settle an open accounts receivable from Violet, Corp.],[Tuck, Inc. made a $1000,12% promissory note dated December 1],[On 1231, accrued interest revenue on all notes receivable.]]
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