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These transactions took place for Cullumber Co. 2024 May 1 Received a $3,300,12-month, 4% note in exchange for an outstanding account receivable from R. Stoney.

image text in transcribed These transactions took place for Cullumber Co. 2024 May 1 Received a $3,300,12-month, 4\% note in exchange for an outstanding account receivable from R. Stoney. Dec. 31 Accrued interest revenue on the R. Stoney note. 2025 May 1 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31, 2024.) problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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