Like New Steam Cleaning performs services on account. When a customer account becomes four months old, Like
Question:
Apr. 28 Performed service on account for Java Club, $24,000.
Sep. 1 Received a $24,000, 60-day, 6% note from Java Club in satisfaction of its past-due account receivable.
Oct. 31 Collected the Java Club note at maturity.
Record the transactions in Like News journal.
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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