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solve the answers in red to complete the general journal May 1 Received a $7,200,12-month, 12% note in exchange for an outstanding account receivable from
solve the answers in red to complete the general journal
May 1 Received a $7,200,12-month, 12% note in exchange for an outstanding account receivable from R. Campbell. Dec. 31 Accrued interest revenue on the R. Campbell note. 2027 May 1 Received principal plus interest on the R. Campbell note. (No interest has been accred since December 31, 2026.) Record the transactions in the general journal. The company does not make entries to accrue interest except at December 31 . (List all debit en when the amount is entered. Do not indent manually.) Step by Step Solution
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