Chapter 8 Question 4

Answer all the requirements please.

First Place Running Shoes reports the following: (Click the icon to view the information.) Journalize all entries required for First Place Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 6, 2024: Recorded credit sales of $98,000. Ignore Cost of Goods Sold. More info \begin{tabular}{ll} \hline \begin{tabular}{ll} \hline 2024 \\ Jan. 6 & Recorded credit sales of $98,000. \end{tabular} \\ Jul. 1 & Loaned $17,000 to Jess Price, an executive with the company, on a one-year, 6% note. \\ Dec. 31 & Accrued interest revenue on the Price note. \\ 2025 & \\ Jul. 1 & Collected the maturity value of the Price note. \\ \hline \end{tabular}