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The following selected transactions occurred during 2025 and 2026 lor Norweglan Importers. The company ends its accounting year on April 30. View the transactions. Journalize
The following selected transactions occurred during 2025 and 2026 lor Norweglan Importers. The company ends its accounting year on April 30. View the transactions. 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 joumal entry table.) Feb. 1: Loaned \$11,000 cash to Brighton, Inc. on a one-year, 6% note. Apr. 6: Sold goods to Della Interiors, receiving a 90-day, 12% note for $8,000. Ignore Cost of Goods Sold. View the transactions. 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.) Transactions Feb. 1: Loaned $11,000 cash to Brighton, Inc. on a one-year, 6% note. Apr. 6: Sold goods to Della Interiors, receiving a 90 -day, 12% note for $8,000. Ignore Cost of Goods Sold Apr. 30: Made a single entry to accrue interest revenue on both notes. (Use months for the one-year note interest computation and a 365 -day year for the 90 day note interest computation. Round to the nearest cent.) Collected the maturity value of the Della Interiors note. Make sure to determine the missing maturity date. (Prepare a single compound journal entry. Use a 365-day year for this interest computation. Round to the nearest cent.) Feb. 1: Collected the maturity value of the Brighton, Inc. note. (Prepare a single compound journal entry. Use months for this interest computation.) \begin{tabular}{c||c||c|c|} Date & Accounts and Explanation & Debit \\ \hline \hline Feb. 1, 2026 & & & \\ \hline \end{tabular}
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