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Record the following transactions in the journal of TLC Company, Inc. Explanations are not required. Use a 360-day year for interest computations and round to
Record the following transactions in the journal of TLC Company, Inc. Explanations are not required. Use a 360-day year for interest computations and round to the nearest dollar. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) Dec 16: Received a $4,000,90-day, 9% note on account from AM Publishing. More info 2017 Dec 16 Received a $4,000, 90-day, 9\% note on account from AM Publishing. 31 Made an adjusting entry to accrue interest on AM Publishing note. 2018 Mar 15 Collected the maturity value of AM Publishing note. Jun 1 Loaned $1,000 cash to Johnathon's Publishing, receiving a six-month, 8% note. Oct 31 Received a $6,000, 90-day, 14% note from So Long Music on its past-due account receivable. Dec 1 Collected the maturity value of the Johnathon's Publishing note. Dec 31 Make an adjusting entry to accrue interest on the So Long Music
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