Problem

(L.OBJ. 7) Journalizing note receivable transactions [10—15 min] The following selected...

(L.OBJ. 7) Journalizing note receivable transactions [10—15 min]

The following selected transactions occurred during 2012 for Mediterranean Importers. The Company ends its accounting year on June 30, 2012:

Requirement

1. Journalize all required entries From April 1 through June 30, 2012. Use a 360-day year for Interest computations.

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Solutions For Problems in Chapter 8

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