Ramsey Company issues an $800,000, 45-day note to Buckner Company for merchandise inventory. Buckner discounts...
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Accounting
Ramsey Company issues an $800,000, 45-day note to Buckner Company for merchandise inventory. Buckner discounts the note at 7%. Assume a 360-day year. If an amount box does not require an entry, leave it blank. Question Content Area a. Journalize Ramseys entries to record: the issuance of the note. the payment of the note at maturity. 1. - Select - - Select - - Select - - Select - - Select - - Select - 2. - Select - - Select - - Select - - Select - Question Content Area b. Journalize Buckners entries to record: the receipt of the note. the receipt of the payment of the note at
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