a. Oct. 1-Sold $17,000 of on account, 2/10, n/30 to McCormick Industries. b. Nov 1-Received...
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a. Oct. 1-Sold $17,000 of on account, 2/10, n/30 to McCormick Industries. b. Nov 1-Received a $17,000, 90-day, 10% note from McCormick Industries to settle its $17,000 unpaid balance. Required: Journal entry worksheet Oct 01 17.000 Help Sa Samberg Inc. had the following transactions. a. Oct. 1-Sold $17,000 of merchandise on account, 2M0, n/30 to McCormick Industries b. No. 1-Received a $17,000, 90-day, 10% note from McCormick Industries to settle its $17000 unpaid balance. c. Dec. 31-Accrued interest on the note. (Round your answer to the nearest whole dollar amount.) d. Jan, 31-Recelved the interest on the note's maturity date. e. Jan. 31-Recelved the principal on the note's maturity date. (Round your answer to the nearest whole dollar amount.) Required: Prepare the required journal entries. Journal entry worksheet Record the entry for acceptance of promissory note in exchange of accounts receivable from McCormick Industries Nov 01 17.000 Accounts 25 sno Required: Journal entry worksheet note's maturity date. K Prev25 of 29 Next > 25 . oct 1-Sold $17000 of merchandise on account,210, n/30 to McCormick Industries k Industries to settle its $17,000 unpaid balance. Required: Journal entry worksheet on the note's maturity date. 17.000
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