Prepare journal entries for the following selected transactions of Danica Company for 2016. 2016 Dec. 13 Accepted
Question:
2016
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.
31 Prepared an adjusting entry to record the accrued interest on the Lee note.
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2016 Dec 13 Notes ReceivableM Lee 9500 ...View the full answer
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Related Book For 
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
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