Question: The following selected transactions occurred during 2013 and 2014 for

The following selected transactions occurred during 2013 and 2014 for Caspian Importers. The company ends its accounting year on April 30.
2013
Feb. 1 Loaned $ 14,000 cash to Brett Dowling on a one- year, 8% note.
Apr. 6 Sold goods to Putt Masters, receiving a 90-day, 6% note for $ 9,000. Ignore Cost of Goods Sold. Apr.
30 Made a single entry to accrue interest revenue on both notes. ? Collected the maturity value of the Putt Masters note.
2014
Feb. 1 Collected the maturity value of the Dowling note.
Journalize all required entries. Make sure to determine the missing maturity date.


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  • CreatedJanuary 16, 2015
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