Jun. 30: Loaned $11,000 cash to Main Sounds Music, receiving a six-month, 12% note. Consider...
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Jun. 30: Loaned $11,000 cash to Main Sounds Music, receiving a six-month, 12% note. Consider the following transactions for Renschler Communication. (Click the icon to view the transactions.) ournalize all transactions for Renschler Communication. Round all amounts to the nearest dollar. (For notes stated in days, use a 365-day year. Round your final inswers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from journal entries.) More info Dec. 1: Skip's Music dishonored its note at maturity. (Prepare a single compound journal entry. Dec. 1: Wrote off the receivable associated with Skip's Music. (Use the allowance method.) Dec. 30: Collected the maturity value of the Main Sounds Music note. (Prepare a single compo
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Jun. 30: Loaned $11,000 cash to Main Sounds Music, receiving a six-month, 12% note. Consider the following transactions for Renschler Communication. (Click the icon to view the transactions.) ournalize all transactions for Renschler Communication. Round all amounts to the nearest dollar. (For notes stated in days, use a 365-day year. Round your final inswers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from journal entries.) More info Dec. 1: Skip's Music dishonored its note at maturity. (Prepare a single compound journal entry. Dec. 1: Wrote off the receivable associated with Skip's Music. (Use the allowance method.) Dec. 30: Collected the maturity value of the Main Sounds Music note. (Prepare a single compo
