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These transactions took place for Bramson Co. 2016 May 1 Received a $5,000, 12-month, 6% note in exchange for an outstanding account receivable from R.

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These transactions took place for Bramson Co. 2016 May 1 Received a $5,000, 12-month, 6% note in exchange for an outstanding account receivable from R. Stoney. Dec. 31 Accrued interest revenue on the R. Stoney note. 2017 May 1 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31, 2016.) Instructions Record the transactions in the general journal. The company does not make entries accrue interest except at December 31

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