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Suppose Eighth Investment Bank engaged in the following transactions: ( Click the icon to view the transactions. ) Journalize the 2 0 2 4 and
Suppose Eighth Investment Bank engaged in the following transactions:
Click the icon to view the transactions.
Journalize the and transactions on Eighth Investment's books. Explanations are not needed. Use a day
year to compute interest. Round interest calculations to the nearest dollar. Eighth Investment's accounting period ends
on December Record debits first, then credits. Exclude explanations from journal entries. Ignore leap years. Use
a day year to compute interest on notes stated in days. For notes stated in months, use the number of months when
calculating interest.
Apr. Loaned $ to Tame, Co Received a fourmonth, note.
Aug. Collected the Tame note at maturity.
Dec. Loaned $ to Victoria, Inc. on a day, note.
Dec. Accrued interest revenue on the Victoria note.
Mar. Collected the Victoria note at maturity.
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