Question Help On March 1, Kale Corporation accepted a 60-day, 6%, $7,300 note receivable from...
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Question Help On March 1, Kale Corporation accepted a 60-day, 6%, $7,300 note receivable from J. Oliver in exchange for his account receivable Read the requirements. Requirement 1. Journalize the transaction on March 1. (Record debits first, then credits. Select the explanation on the last line of the ournal entry table.) Date Accounts and Explanation Debit Credit Mar Requirement 2. Journalize the adjusting entry needed on March 31 to accrue interest revenue. Round to the nearest dollar. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. For notes stated in days, use a 365-day year.) Date Accounts and Explanation Debit Credit Mar. 31 Choose from any list or enter any number in the input fields and then continue to the next
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