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Record the following transactions in the journal of Atomic Consulting, which ends its accounting year on...

Record the following transactions in the journal of Atomic Consulting, which ends its accounting year on November 30, 2019.

A: April 30, 2019 – Lent $40,000 to Wayne Rooney on a 1-year, 7% note.

B: November 30, 2019 – Accrued interest revenue on the note.

C: April 30, 2020 – Collected principal and interest due on the note at the end of 1 year.

   

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