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Problem 8-07A (Video) On January 1, 2020, Harter Company had Accounts Receivable $139,000, Notes Receivable $25,000, and Allo
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Journal entries

Date account titles and explanation Debit Credit
Jan 5 Account receivable 20000
Sales revenue 20000
Jan 20 Notes receivable 20000
Account receivable 20000
Feb 18 Notes receivable 8000
Sales revenue 8000
Apr 20 Cash 20400
Notes receivable 20000
Interest revenue (20000*8%*3/12) 400
Apr 30 Cash 25750
Notes receivable 25000
Interest revenue (25000*9%*4/12) 750
May 25 Notes receivable 6000
Account receivable 6000
Aug 18 Cash 8360
Notes receivable 8000
Interest revenue (8000*9%*6/12) 360
Aug 25 Account receivable 6105
Notes receivable 6000
Interest revenue (6000*7%*3/12) 105
Sep 1 Notes receivable 12000
Sales revenue 12000
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