Journalize the transactions for tammy company - exchanged


Journalize the following transactions for Tammy Company:

Sept. 1 Sold $3,500 of merchandise to Jim on account.

Oct. 1 Exchanged Jim's account receivable for a four-month, 8% note for $3,500.

Dec. 31 Recorded accrued interest on Jim's note (round to nearest dollar).

Feb. 1 Jim paid off his note with interest (round to nearest dollar).

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Accounting Basics: Journalize the transactions for tammy company - exchanged
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