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Decca Distributors Has the Following Transactions Related to Notes Receivable

question 69

Essay

Decca Distributors has the following transactions related to notes receivable during the last month of the year.
Dec. 1 Loaned $12000 cash to J. Cash on a 1-year 5% note.
16 Sold goods to W. Jennings receiving a $10000 60-day 6% note.
31 Accrued interest revenue on all notes receivable.
Instructions
Journalize the transactions for Decca Distributors.


Definitions:

Cohabitation

The act of living together in an intimate relationship without being legally married.

Compatibility

The degree to which two or more things are able to exist or work together in combination without problems or conflict.

Government Schemes

Programs or plans initiated by the government aimed at achieving a particular social, economic, or developmental goal.

Celibacy

Abstention from sexual activity, whether from choice or lack of opportunity.

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