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Sambetg Inc had the following transactions Oct 1 - Sold $24 500 of merchandise on account 2/10 n/30 to McCormick InAjstries Nov 1 - Received

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Sambetg Inc had the following transactions Oct 1 - Sold $24 500 of merchandise on account 2/10 n/30 to McCormick InAjstries Nov 1 - Received a $24 500 90-day 9% note from McCormick Industries to settle its $24 500 unpaid balance Dec 31 - Accrued interest on the note Jan 31 - Received the interest on the note s maturity date 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.)

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