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Journalize all entries required for marathon running shoes

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Reference no: EM13511904

Marathon Running Shoes reports the following:

2012

May 4 Recorded Estate credit-card sales of $107,000, net of processor fee of 3%.

Sep 1 Loaned $17,000 to Jean Porter, an executive with the company, on a one-year, 15% note.

Dec 31 Accrued interest revenue on the Porter note.

2013

Sep 1 Collected the maturity value of the Porter note.

Requirement

1. Journalize all entries required for Marathon Running Shoes.

Reference no: EM13511904

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