Crawford, Inc., gave a ($ 20,000,120)-day, (12 %) note to Dunston, Inc., in exchange for merchandise. Crawford

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Crawford, Inc., gave a \(\$ 20,000,120\)-day, \(12 \%\) note to Dunston, Inc., in exchange for merchandise. Crawford uses periodic inventory procedure. Prepare journal entries to record the issuance of the note and the entries needed at maturity for both parties, assuming payment is made.

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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