Business, 21.04.2020 18:56 queenjade582

Record the following transactions for Redeker Co. in the general journal. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) 2017 May 1 Received a $8,850, 12 months, 8% note in exchange for Mark Chamber's outstanding accounts receivable. Dec. 31 Accrued interest on the Chamber note. Dec. 31 Closed the interest revenue account. 2018 May 1 Received principal plus interest on the Chamber note. (No interest has been accrued in 2018.) Account Titles and Explanation Credit Debit (To record accrued interest on note.) (To close the interest revenue account.)

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Record the following transactions for Redeker Co. in the general journal. (Record journal entries in...

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