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Prepare sunland annual adjusting entry

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Question: Sunland Family Importers sold goods to Tung Decorators for $39,600 on November 1, 2017, accepting Tung's $39,600, 6-month, 6% note. Prepare Sunland's November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.

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Reference no: EM132050585

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