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There are 7 journal entries required! With 2 heads each and 3 heads in last journal entry On October 1, 2023, Bridgeport Corp. sold a
There are 7 journal entries required!With 2 heads each and 3 heads in last journal entry On October 1, 2023, Bridgeport Corp. sold a harvesting machine to Sweet Acacia Industries. Instead of a cash payment, Sweet Acacia Industries gave Bridgeport a $165,000, two-year, 8% note: 8% is a realistic rate for a note of this type. The note required interest to be paid annually on October 1, beginning October 1, 2024. Bridgeport's financial statements are prepared on a calendar-year basis. Repeat the journal entries under the assumption that Bridgeport uses reversing entries. (Credit occount titles are automaticolly indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts. List all debit entries before credit entries.)
There are 7 journal entries required!
With 2 heads each and 3 heads in last journal entry
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