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x (To record sales) (To record cost of merchandise sold) Your answer is partially correct. Walla Walla Supply Corp. has the following selected transactions for
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(To record sales) (To record cost of merchandise sold) Your answer is partially correct. Walla Walla Supply Corp. has the following selected transactions for notes receivable. Nov, 1 Lent $125,000 cash to A Bouchard ona one-year, 9% note. Dec. 1 Sold goods to Wrightinc, recelving $ two-month, 6%,$28,200 note. Interest is due at maturity, The goods cost. $17,496. 15 Recelved a six-month, 6%,$30,720 note in exchange for an account from Aquilina Corporation. Interest is due at maturity. Feb. 1 Collected the amount owing on the Wright note. 28. Accroed interest on ali notes receivable at year end. Assume that interest is calculated to the nearest half month. Record the above transactions for Walia Walla Supply Corp. (List all debit entries before credit entries. Credit account tities are outomatically indented when amount is entered, Do not indent manually. If no entry is required, seiect "No Entry' for the account titles ind enter ofor the ameints Recopd entrles in the onder displaped in the problem statement. Do not round intermediate calculations. Round answers to the nearest whole dollor, 58.5,275, Interestincome feb. 28 Interest Receivable 4134 Interest Income 4134 Step by Step Solution
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