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  3. the following selected transactions occurred durin

The following selected transactions occurred during 2024 and 2025 for Arabian Importers. The company ends...

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Accounting

The following selected transactions occurred during 2024 and 2025 for Arabian Importers. The company ends its accounting year on September 30.
(Click the icon to view the transactions.)
Journalize all required entries. Make sure to determine the missing maturity date. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Jul. 1: Loaned $11,000 cash to Bill McCabe on a one-year, 8% note.
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2024
Jul. 1 Loaned $11,000 cash to Bill McCabe on a one-year, 8% note.
Sep. 6 Sold goods to Park Pro, receiving a 90-day, 9% note for $9,000. Ignore Sep. 30 Made a single entry to accrue interest revenue on both notes.
? Collected the maturity value of the Park Pro note.
2025
Jul. 1 Collected the maturity value of the McCabe note.
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