Essay
Journalize the following transactions for Solley Company that occurred during 2011 and 2012.
November 14,2011 Received a $4,800.00,90-day,9% note from Alan Hibbetts in payment of his account.
December 31,2011 Accrued interest on the Hibbetts note.
February 12,2012 Received the amount due from Hibbetts on his note.
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Nov 14 Notes Receivable 4,800.00
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