Record the following transactions for Redeker Co. in the general journal. 2014 May 1 Received a $9,000,

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Record the following transactions for Redeker Co. in the general journal.

2014

May 1 Received a $9,000, 12-month, 10% note in exchange for Mark Chamber’s outstanding accounts receivable.

Dec. 31 Accrued interest on the Chamber note.

Dec. 31 Closed the interest revenue account.

2015

May 1 Received principal plus interest on the Chamber note. (No interest has been accrued in 2015.)

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Jan 30, 2014 01:52 AM

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Record the following transactions for Redeker Co. in the general journal. 2014 May 1 Received a $9,000,

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2014 May 1 Notes Receivable 9000 Accounts Receivable Chamber 9000 ...View the full answer

Accounting Principles

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