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The following selected transactions occurred for Ghost Inc. relating to a note receivable: February 1 Sold goods to Skeleton Ltd. receiving a ten month, 6%,

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The following selected transactions occurred for Ghost Inc. relating to a note receivable: February 1 Sold goods to Skeleton Ltd. receiving a ten month, 6%, $12,000 note. The goods cost $4,000. Interest is due at maturity. August 31 Ghost Inc.'s fiscal year end. November 30 Received the interest and principle from Skeleton Ltd. Required: Prepare the accounting entries required for the above dates and transactions. Assume Ghost Inc. records accruals annually at year end and uses a perpetual inventory system. If no entry is required please state no entry. February 1 February 1 August 31 November 30

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