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3 On December 1, Daw Company accepts a $46,000,45-day, 9% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue
3 
On December 1, Daw Company accepts a $46,000,45-day, 9% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31 . (2) Prepare the entry required on the note's maturity date assuming it is honored. Note: Use 360 days a year Step by Step Solution
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Cost Accounting A Managerial Emphasis
Authors: Charles T Horngren
4th Edition
0131797395, 978-0131797390
