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Blue Family Importers sold goods to Tung Decorators for $40,200 on November 1, 2020, accepting Tung's $40,200, 6-month, 5% note

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Blue Family Importers sold goods to Tung Decorators for $40,200 on November 1, 2020, accepting Tung's $40,200, 6-month, 5% note.

Prepare Blue's November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest