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Question 1 (30 points) In your paper-based submission, prepare journal entries to record the following transactions entered into by the Cobra Golf Company (you may

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Question 1 (30 points) In your paper-based submission, prepare journal entries to record the following transactions entered into by the Cobra Golf Company (you may omit descriptions) 2021 June 1 Received a $10,000, 6%, 1-year note from GolfStore as full payment on their account Nov. 1 Sold merchandise on account to Golf Galaxy, Inc., for $14,000, terms 2/10, n/30. Nov. 5 Golf Galaxy, Inc., returned merchandise worth $1,000. Nov. 9 Received payment in full from Golf Galaxy, Inc. Dec. 31 Accrued interest on GolfStore's note. 2022 June 1 GolfStore paid off their promissory note by sending the face amount plus interest Cobra Golf uses the periodic inventory system (you may omit cost of goods sold entries)

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