(Click the icon to view the transactions.) Begin with the transactions for 2024. Jul. 1:...
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Accounting
(Click the icon to view the transactions.) Begin with the transactions for 2024. Jul. 1: Sold inventory to Gray Mart, receiving a $39,000, nine-month, 8% note. Ignore Cost of Goods Sold. Oct. 31: Recorded cash sales for the period of $15,000. Ignore Cost of Goods Sold. Dec. 31: Made an adjusting entry to accrue interest on the Gray Mart note. Dec. 5: Collected in full on account from Aglow, Corp. Dec. 31: Accrued the interest on the Crowe, Inc
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