Prepare journal entries to record the following transactions of Namco. April 1. Accepted a $5,000, 90-day, 4%
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Prepare journal entries to record the following transactions of Namco.
April 1. Accepted a $5,000, 90-day, 4% note from Travis in granting a time extension on his past-due account receivable.
June 30. Travis dishonored his note.
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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