Use your answers to E917 to journalize Suncare Companys transactions as follows (round to the nearest dollar):
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Use your answers to E9–17 to journalize Suncare Company’s transactions as follows (round to the nearest dollar):
Data From in E9-17
Suncare Company installs switching systems and receives its pay in the form of notes receivable. It installed a system for the city of Edson, Alberta, receiving a 9-month, 10 percent, $200,000 note receivable on May 31, 2023. To obtain cash quickly, Suncare discounted the note with HSBC Bank on June 30, 2023. The bank charged a discount rate of 11 percent.
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Related Book For
Horngrens Accounting Volume 1
ISBN: 9780136889373
12th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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