Kelsey's Kleening provides cleaning services for Clinton Inc., a business with four buildings. Kelsey's assigned different cleaning
Question:
Required:
1. Prepare the journal entry to record the sale on March 1, 2019.
2. Determine how much interest Kelsey will receive if the note is repaid on December 1, 2019.
3. Prepare Kelsey's journal entry to record the cash received to pay off the note and interest on
December 1, 2019.
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1 Journal Date Account and Explanation Debit Credit Notes Receivable 1...View the full answer
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