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Suppose Tenth Harvest Bank engaged in the following transactions Click the icon to view the transactions.) Journalize the 2016 and 2017 transactions on Tenth Harvest's

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Suppose Tenth Harvest Bank engaged in the following transactions Click the icon to view the transactions.) Journalize the 2016 and 2017 transactions on Tenth Harvest's books Explanations are not needed Use a 360-day year to compute interest Tenth Harvest's accounting period ends on December 31 (Record debits first, then credits Exclude explanations from journal entries. Use a 380 day year to compute interest on notes stated in days For notes stated in months, use the number of months when calculating interest Begin with the transactions for 2016 Apr 1 Loaned $8,000 to Insipid Co Received a four-month, 10% note Date Accounts and Explanation Debit 2016 Note Receivable-Insipid, Co. 6.000 Apr 1 Cash Credit 6.000 Suppose Tenth Harvest Bank engaged in the following transactions (ack the icon to view the transactions) Journalize the 2016 and 2017 transactions on Tenth Harvest's books. Explanations are not needed Use a 360 day year to compute interest. Tenth Harvest's accounting period ends on December 31 Record debits first, then credits Exclude explanations from journal entines Use a 380 day year to compute interest on notes stated in days. For notes stated in months, use the number of months when calculating interest Debit Credit Aug 1 Collected the insidrote at maturity Date Accounts and Explanation 2016 Cash Aug 1 Note Receivable insipid Co Interest Receivable 6800 8000 ado

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