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Journalize the transactions for Marigold Supply Co

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Reference no: EM133112087

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.

Reference no: EM133112087

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