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Prepare journal entries to record the following transactions entered into by the Merando Company: (Credit...

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Accounting

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Prepare journal entries to record the following transactions entered into by the Merando Company: (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 2010 June 1 Nov. 1 Nov. S Nov. 9 Dec. 31 2017 June 1 Received a $10,000, 6%, 1-year note from Dan Gore as full payment on his account. Sold merchandise on account to Barlow, Inc., for $14,000, terms 2/10, 1/30. Barlow, Inc., returned merchandise worth $1,000. Received payment in full from Barlow, Inc. Accrued interest on Gore's note. Dan Gore honored his promissory note by sending the face amount plus interest. Debit Credit Date Account Titles and Explanation 2016 June 1 Nov. 1 Nov. 5 Nov. 9 Dec. 31 2017 June 1

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