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upton upton
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7 years ago
Prepare journal entries for the following transactions for Sysco Imports Company.
a) Purchased $6,000 of merchandise (periodic) from Clarke Industries Company on account.
b) Gave Clarke Industries Company a 150-day, 6% note in settlement of the account payable.
c) Sysco defaulted on its note on the maturity date.
d) Sysco paid the previously defaulted note plus $25 additional interest.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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7 years ago
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upton Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Yesterday
Helped a lot
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2 hours ago
Thanks
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