Inventory at the beginning of the year cost $14,900. During th - 10258

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yousafbhutta

yousafbhutta

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To attract retailers to its shopping center, the Marketplace Mall will lend money to tenants under formal contracts, provided that they use it to renovate their store space. On November 1, 2010, the company loaned $16,200 to a new tenant on a one-year note with a stated annual interest rate of 5 percent. Interest is to be received by Marketplace Mall on April 30, 2011, and at maturity on October 31, 2011.

 

 

 

Required:

Prepare journal entries that Marketplace Mall would record related to this note on the following dates: (a) November 1, 2010; (b) December 31, 2010 (Marketplace Mall’s fiscal year-end); (c) April 30, 2011; and (d) October 31, 2011. (Round all final answers to the nearest dollar amount. Omit the "$" sign in your response.)

 

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Please give me your A+++ rating in it and you will get t

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Question no.10.docx
Question no.10....