Indiana Supply Co. has the following transactions related to notes receivable during the last 2 months of

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Indiana Supply Co. has the following transactions related to notes receivable during the last 2 months of the year.

Nov. 1 Loaned $\$ 24,000$ cash to A. Gomez on a 1 -year, $10 \%$ note.

Dec. 11 Sold goods to R. Wright, Inc., receiving a $\$ 3,600,90$-day, $12 \%$ note.

16 Received a $\$ 4,000,6$-month, $12 \%$ note on account from B. Barnes.

31 Accrued interest revenue on all notes receivable.

\section*{Instructions}

Journalize the transactions for Indiana Supply Co.

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 13, 2024 02:09 AM

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Indiana Supply Co. has the following transactions related to notes receivable during the last 2 months of

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Financial Accounting

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