Solution-Journalize the entry that should be made by the

Journalize the entry that should be made by the company

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Reference no: EM132797880

Problem - Accompanying a bank statement for Santee Company is a credit memo for $15,120 representing the principal ($14,000) and interest ($1,120) on a note that had been collected by the bank. The company had been notified by the bank at the time of the collection but had made no entries. Journalize the entry that should be made by the company to bring the accounting records up to date.

Reference no: EM132797880

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Journalize the entry that should be made by the company

Reference no: EM132797880

Reference no: EM132797880

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