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Required: Drag and drop to record the following note receivable transaction in the journal of Stockings Hung Inc. Use a month count for interest calculations
Required: Drag and drop to record the following note receivable transaction in the journal of Stockings Hung Inc. Use a month count for interest calculations and round interest amount to the nearest dollar. Explanations are not required for your journal entries. Note: there will be unused responses when the question is complete: . June 1 Loaned $60,000 cash to Claus Manufacturing Inc. on a one year, 8% note. Dec 31 Accrued interest revenue for the year. Date Account Name DEBIT CREDIT June 1 Date Account Name DEBIT CREDIT June 1 Dec B1
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