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EX 6?S6: The following data relate to notes recei...

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EX 6?S6: The following data relate to notes receivable and interest for Clyde Park Optic Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.) June 4. Received an $18,800, 9%, 60?day note on account. July 15. Received a $27,000, 10%, 120?day note on account. Aug. 3. Received $19,082 on note of June 4. Sept. 1. Received a $24,000, 9%, 60?day note on account. Oct. 31. Received $24,360 on note of September 1. Nov. 5. Received a $9,600, 7%, 30?day note on account. 12. Received $27,900 on note of July 15. 30. Received a $15,000, 10%, 30?day note on account. Dec. 5. Received $9,656 on note of November 5. 30. Received $15,125 on note of November 30. Journalize entries to record the transactions.

 

Paper#9681 | Written in 18-Jul-2015

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