Question
21. Border Company calculates it has earned (but not yet collected or recorded) interest of $1,050 at December 31 on outstanding notes receivable. How
21. Border Company calculates it has earned (but not yet collected or recorded) interest of $1,050 at December 31 on outstanding notes receivable. How should Borders record this on December 31?
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
6th edition
0-07-786223-6, 101259095592, 13: 978-0-07-7, 13978125909559, 978-0077862237
