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The following transactions occured during 2024 and 2025 for caspian importers. The compnay ends its accounting year on april 30. April 30 made a single
The following transactions occured during 2024 and 2025 for caspian importers. The compnay ends its accounting year on april 30. April 30 made a single emtry to accrue interest revenue on both notes. Feb.1 2024 loaned $15000 cash to carol smythe on a one year 12% note. Sold goods to fairway pro receiving a 90 day 9%note for $12000. Feb 1 collected the maturity value of the smythe note.prepare a single compund journal entry .use months for this interest computation
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
4th Edition
978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584
