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2 Purchased merchandise on account from Yokum Company, $30,000, terms 2/10, n/30. 1 Issued a 9%, 2-month, $30,000 note to Yokum in payment of...

Jan.
2
Purchased merchandise on account from Yokum Company, $30,000, terms 2/10, n/30.
Feb.
1
Issued a 9%, 2-month, $30,000 note to Yokum in payment of account.
Mar.
31
Accrued interest for 2 months on Yokum note.
Apr.
1
Paid face value and interest on Yokum note.
July
1
Purchased equipment from Korsak Equipment paying $11,000 in cash and signing a 10%, 3-month, $40,000 note.
Sept.
30
Accrued interest for 3 months on Korsak note.
Oct.
1
Paid face value and interest on Korsak note.
Dec.
1
Borrowed $15,000 from the Otago Bank by issuing a 3-month, 8% note with a face value of $15,000.
Dec.
31
Recognized interest expense for 1 mont

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