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Question - Marigold Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022. The company does not make entries to accrue interest except at December 31.
Nov. 1 Loaned $17,250 cash to Manny Lopez on a 12 month, 8% note.
Dec. 11 Sold goods to Ralph Kremer, Inc, receiving a $30,000, 90-day, 6% note.
Dec. 16 Received a $20, 160, 180 day, 10% note to settle an open account from Joe Fernetti.
Dec. 31 Accrued interest revenue on all notes receivable.
Required - Journalize the transactions for Marigold Supply Co.
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