Question
1.Prepare journal entries for the following (assume a calendar-year accounting period): Dec. 1 Received a three-month, 15 percent note receivable for $4,640 from a customer
1.Prepare journal entries for the following (assume a calendar-year accounting period): Dec. 1 Received a three-month, 15 percent note receivable for $4,640 from a customer as an extension of his past-due account. 31 Made the year-end adjustment for accrued interest.
Mar. 1 Received full payment on the note.
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Compliance Audits And Plans For Healthcare
Authors: Cherilyn G. Murer, Michael A. Murer, Lyndean Lenhoff Brick, Healthcare Financial Management Association (U. S.)
1st Edition
0070444625, 978-0070444621
