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On November 1, 2024, Sokos Inc. accepted a three-month, 9%,$60,000 note from Malmo Inc, in settlement of its account. Interest is due on the first day of each month, starting December 1 . Both companies' year ends are December 31. Interest accruals are only recorded at year end. Hrepare the entries to record sales and collections during the period. (List all debit entries before credit entnes. Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Prepare the entry to record credit losses for the period. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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