Question: Write entries in general journal form to record the following

Write entries in general journal form to record the following transactions for Ballard Company, whose fiscal year ends on December 31:
Year 1
Dec. 3 Ballard Company received from RJB Services an $ 8,500, 120-day, 6.5 percent note, dated December 3, as an extension of a charge account.
31 The adjusting entry for accrued interest.
31 The closing entry (for practice), assuming that all other closing entries were made.
Year 2
Jan. 1 The reversing entry.
Apr. 2 Receipt of the principal and interest at maturity.


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  • CreatedOctober 21, 2014
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