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Samberg Inc. had the following transactions. a. Oct. 1-Sold $20,000 of merchandise on account, 2/10, n/30 to McCormick Industries. b. Nov. 1-Received a $20,000,
Samberg Inc. had the following transactions. a. Oct. 1-Sold $20,000 of merchandise on account, 2/10, n/30 to McCormick Industries. b. Nov. 1-Received a $20,000, 90-day, 9% note from McCormick Industries to settle its $20,000 unpaid balance. c. Dec. 31-Accrued interest on the note. (Round your answer to the nearest whole dollar amount.) d. Jan. 31-Received the interest on the note's maturity date. e. Jan. 31-Received the principal on the note's maturity date. (Round your answer to the nearest whole dollar amount.) Required: Prepare the required journal entries. View transaction list Journal entry worksheet < A B C D E Record the entry for sale of merchandise on account to McCormick Industries. Note: Enter debits before credits. Date Oct 01 General Journal Debit Credit
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