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2. Rodriguez Carpentry accepts a six month, 9% promissory note from James Matheson on June 1 to settle a $15,000 outstanding account receivable. Record the
2. Rodriguez Carpentry accepts a six month, 9% promissory note from James Matheson on June 1 to settle a $15,000 outstanding account receivable. Record the following transactions in the general journal: a. The issuing of the note on June 1. b. Full payment of the note on December 1. c. Assume the note is dishonoured on December 1
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Managerial Accounting Working Papers
Authors: John G. Helmkamp
2nd Edition
0471514292, 978-0471514299
