Question: Question 3 (8 Marks) 1 mark for each journal entry line: Correct account (0.5) and Correct Amount (0.5) - Note: if the account is correct

Question 3 (8 Marks) 1 mark for each journal entry line: Correct account (0.5) and Correct Amount (0.5) - Note: if the account is correct and amount but placed wrong as a debit/credit (O mark) On April 1, 2019, Pumpkin Ltd. loaned $22,000 on a one year (due April 1, 2020), 8% note to Gourd Corp. Pumpkin Ltd. year end is December 31. Required Prepare the journal entries for Yellow Company to recognize the note, interest accrual and payment of the note from ABC Corp. Explanations are not required. To Assist: In Moodle under TEMPLATES: Can use General Journal for the journal entries

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