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20x1 May 1 Adler Company, received a $25,000, 1-year, 8% note in exchange for an outstanding account receivable from TM Frost. Dec. 31 Accrued interest
20x1 May 1 Adler Company, received a $25,000, 1-year, 8% note in exchange for an outstanding account receivable from TM Frost. Dec. 31 Accrued interest revenue on the TM Frost note. 20x2 May 1 Received principal plus interest on the TM Frost note. Instructions: 3. Record the transactions in general journal. 4. Show calculations for: total interest revenues, adjusted interest, and maturity value
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Financial Statement Analysis And Business Valuation Case Studies Using Excel
Authors: Dr Alessio Faccia
1st Edition
979-8863186412
