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Question 1 Tries remaining 1 Marked out of 2.00 P Hag question Adjusting Entries for Interest The following note transactions occurred during the year for

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Question 1 Tries remaining 1 Marked out of 2.00 P Hag question Adjusting Entries for Interest The following note transactions occurred during the year for Zale Company: Nov. 25 Zale issued a 120-day, 12 percent note payable for $9.000 to Porter Company for merchandise. Dec. 10 Zale signed a 180 day, 57,200 note at the bank at ten percent. Dec. 23 Zale gave Dale, Inc., a $9,000, six percent, 60-day note in payment of account. Prepare the journal entries necessary to adjust the interest accounts at December 31. Use 360 days for calculations and round to the nearest dollar. General Journal Description Debit Credit Date Dec 31 To accrue interest expense for note issued on Nov. 25 Dec 31 OOO OOO To accrue interest expense for note signed on Dec. 10 Dec 31 To accrue interest expense for note on Dec. 23 Check

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