Prepare journal entries to record the following transactions entered into by the Oriole Company. Omit...
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Prepare journal entries to record the following transactions entered into by the Oriole Company. Omit cost of goods sold entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 2024 June 1 Received a $12,000,9%,1-year note from Luke Bryan as full payment on his account. Nov. 1 Sold merchandise on account to Ace, Inc, for $20,000, terms 3/10, n/30. Nov, 5 Ace, Inc, returned merchandise worth $1,200. Nov. 9 Received payment in full from Ace, Inc. Dec. 31 Accrued interest on Bryan's note. 2025 June 1 Luke Bryan honored his promissory note by sending the face amount plus interest. 2025
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