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The following are notes receivable transactions for Sandhill Co.: May 1 June 30 Accrued interest on the Jioux note, at Sandhill's year end. Adjustments are
The following are notes receivable transactions for Sandhill Co.: May 1 June 30 Accrued interest on the Jioux note, at Sandhill's year end. Adjustments are recorded annually. July 31 Aug. 31 Received the interest due from Ms. Irvine. Sept. 30 Received payment in full from Ms. Irvine. Nov. 1 Jioux Company defaulted on its note. Sandhill does not expect to collect on the note. Record the transactions for Sandhill Co. Sandhill Co. uses only one allowance account for both accounts and notes receivable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Round answers to 0 decimal places, e.g. 5,276. Record journal entries in the order presented in the problem.) Question 3 of 4 Date Account Titles May 1 May 1 v Notes Receivable Accounts Receivable June 30 July 31 Aug. 31 B B Question 3 of 4 Aug. 31 Sept. 30 Nov. 1 eTextbook and Media List of Accounts Assistance Used Save for Later Last saved 1 second ago. Attempts: 0 of 3 used Submit Answer Current Attempt in Progress At December 31, 2024, Blossom Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations: Prepare the journal entry to record the bad debt expense on December 31,2024 , assuming the credit manager estimates that 4% of the accounts receivable will become uncollectible. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.) (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above
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