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D Question 2 22 pts Samberg Inc. had the following transactions. Dec 31 - Accrued interest on the note. (Round to the nearest
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Journal Entries - Samberg Inc.
Date Particulars Debit Credit
1-Nov Note receivables Dr $10,000.00
         To Cash $10,000.00
(Being loan given to employee)
31-Dec Interest receivables Dr ($10,000*10%*2/12) $167.00
         To Interest revenue $167.00
(To record interest accured)
31-Jan Cash Dr $250.00
         To Interest receivables $167.00
         To Interest revenue $83.00
(To record interest received on maturity)
31-Jan Cash Dr $10,000.00
         To Notes receivables $10,000.00
(To record principal received on maturity)
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