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1. Boris' Vacuum Cleaners issues a four month, 11% promissory note from B. Leena on Feb 01, to settle a $3500 outstanding account receivable.
1. Boris' Vacuum Cleaners issues a four month, 11% promissory note from B. Leena on Feb 01, to settle a $3500 outstanding account receivable. I. Record the following journal entries: a) The issuing of the note on February 1. Dr Cr b) The payment of the honoured noted on June 1. Dr Cr c) Assuming that the note is not honoured June 1, record the appropriate entry. Dr Cr
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Financial Reporting and Analysis Using Financial Accounting Information
Authors: Charles H. Gibson
13th edition
1285401603, 1133188796, 9781285401607, 978-1133188797
