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Quick Running Shoes reports the following: Click the icon to view the information.) Journalize all entries required for Quick Running Shoes. (Record debits first, then
Quick Running Shoes reports the following: Click the icon to view the information.) Journalize all entries required for Quick Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 2, 2018: Recorded credit sales of $93,000. Ignore Cost of Goods Sold. Date 2018 Mar. 2 Accounts and Explanation Debit Credit Nov. 1, 2018: Loaned $20,000 to Jess Powell, an executive with the company, on a one-year, 15% note. Date 2018 Nov.1 Accounts and Explanation Debit Credit Dec. 31, 2018: Accrued interest revenue on the Powell note. Date 2018 Dec. 31 Accounts and Explanation Debit Credit Nov. 1, 2019: Collected the maturity value of the Powell note. (Prepare a single compound journal entry.) Date 2019 Nov. 1 Debit Credit Accounts and Explanation
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