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Samberg Incorporated had the following transactions. October 1 Sold $ 2 0 , 5 0 0 of merchandise on account, 2 / 1 1 ,
Samberg Incorporated had the following transactions.
October Sold $ of merchandise on account, n to McCormick Industries.
November Received a $day, note from McCormick Industries to settle its $ unpaid balance.
December Accrued interest on the note. Round your answer to the nearest whole dollar amount.
January Received the interest on the notes maturity date.
January Received the principal on the notes maturity date. Round your answer to the nearest whole dollar amount.
Required:
Prepare the required journal entries. If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
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