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Samberg Inc. had the following transactions a. Oct. 1 - Sold $25,000 of merchandise on account, 1/10, n/30 to McCormick Industries b. Nov. 1-Received a
Samberg Inc. had the following transactions a. Oct. 1 - Sold $25,000 of merchandise on account, 1/10, n/30 to McCormick Industries b. Nov. 1-Received a $25,000, 90-day, 11% note from McCormick Industries to settle its $25,000 unpaid balance c. Dec. 31 -Accrued interest on the note d. Jan. 31 - Received the interest on the note's maturity date e. Jan. 31 - Received the principal on the note's maturity date Required: Prepare the required journal entries. (Round your answer to the nearest whole dollar amount. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet Date General Journal Debit Credit Oct 01 No Transaction Recorded 2 Nov 01No Transaction Recorded 3 Dec 31No Transaction Recorded Jan 31 No Transaction Recorded 5 Jan 31 No Transaction Recorded
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