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Journalize the transactions for tammy company

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Reference no: EM13512234

Journalize the following transactions for Tammy Company:

Sept. 1 Sold $3,500 of merchandise to Jim on account.

Oct. 1 Exchanged Jim's account receivable for a four-month, 8% note for $3,500.

Dec. 31 Recorded accrued interest on Jim's note (round to nearest dollar).

Feb. 1 Jim paid off his note with interest (round to nearest dollar).

Reference no: EM13512234

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