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The following selected transactions occurred during 2 0 2 4 and 2 0 2 5 for Arabian Importers. The company ends its accounting year on
The following selected transactions occurred during and for Arabian Importers. The company ends its accounting year on September
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Journalize all required entries. Make sure to determine the missing maturity date. Record debits first, then credits. Select the explanation on the last line of the journal entry table.
Jul. : Loaned $ cash to Bill McCabe on a oneyear, note.
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Jul. Loaned $ cash to Bill McCabe on a oneyear, note.
Sep. Sold goods to Park Pro, receiving a day, note for $ Ignore Sep. Made a single entry to accrue interest revenue on both notes.
Collected the maturity value of the Park Pro note.
Jul. Collected the maturity value of the McCabe note.
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