Prepare journal entries for the following selected transactions of Danica Company for 2015. 2015 Dec. 13 Accepted
Question:
2015
Dec. 13 Accepted a $9,500, 45-day, 8% note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable.
Dec.31 Prepared an adjusting entry to record the accrued interest on the Lee note?
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2015 Dec 13 Notes Receivable x M Lee 9500 Acc...View the full answer
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Related Book For 
Financial Accounting Information for Decisions
ISBN: 978-1259533006
8th edition
Authors: John J. Wild
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