Question: Every entry should have narration please Note Answer in proper format please 5. Nike has the following transactions related to notes receivable during the last

Every entry should have narration please

Note Answer in proper format please

5. Nike has the following transactions related to notes receivable during the last two months of 2008: 1-Nov Loaned $18,000 cash to Under Armour on a one-year, 10% note 11-Dec Sold goods to Dwayne Johnson receiving a $6,750, ninety-day, 8% note 16-Dec Received a $4,000, 6-month, 9% note in exchange for Bob Shabo's outstanding accounts receivable 31-Dec Accrued interest revenue on all notes receivable (= record all interest expense and interest payables that have occurred to this day) Instructions: (a) Journalize the transactions for Nike (b) Record the collection of the Under Armour note at its maturity in 2009

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