Question: Marathon Running Shoes reports the following 2016 Feb 4 Recorded credit card

Marathon Running Shoes reports the following:
2016
Feb. 4 Recorded credit card sales of $96,000, net of processor fee of 1 %. Ignore Cost of Goods Sold.
Sep. 1 Loaned $23,000 to Jess Prichett, an executive with the company, on a one- year, 12% note.
Dec. 31 Accrued interest revenue on the Prichett note.
2017
Sep. 1 Collected the maturity value of the Prichett note.
Journalize all entries required for Marathon Running Shoes.

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  • CreatedJune 15, 2015
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