Milner Family Importers sold goods to Tung Decorators for $30,000 on November 1, 2012, accepting Tungs $30,000,
Question:
Milner Family Importers sold goods to Tung Decorators for $30,000 on November 1, 2012, accepting Tung’s $30,000, 6-month, 6% note. Prepare Milner’s November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
General Guidance Journal entry The Journal entries means to keep the records of the accounting transactions in the order in which they occur The accounting transactions of a business are recorded thro...View the full answer
Answered By
Marvine mabiya
i am a graduate of kirinyaga university degree of statistics
0 Reviews
10+ Question Solved
Related Book For 
Question Posted:
