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Your answer is partially correct. Try again. Prepare the journal entries required by Tarjee Limited to record the issue of the note on April 1,
Your answer is partially correct. Try again. Prepare the journal entries required by Tarjee Limited to record the issue of the note on April 1, and the settlement of the note on July 1, assuming that the note is dishonoured and eventual collection is not expected. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Apr. 1 A Notes Receivable 37,200 Accounts Receivable 37,200 July 1 A 37,200 Notes Receivable 37,200
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