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9. Jerri's Jewelry accepted a TL2.400 note receivable from S. Wells in settlement of an old account receivable. The 10% note was dated October 2,
9. Jerri's Jewelry accepted a TL2.400 note receivable from S. Wells in settlement of an old account receivable. The 10% note was dated October 2, 2009, and was due in 120 days. What is the journal entry on Jerri's books on October 2, 2009? a. Note Receivable 2.400 Sales Revenue 2.400 b. Note Receivable 2.400 Cash 2.400 Note Receivable 2.400 Accounts Receivable 2.400 d. none of the above c. 10. Company A gives TL 1.200 loan to a customer on 1 November 2015. The customer signed 6 months, 5% promissory note. Assume that interest revenue was properly accrued on December 31, 2015 for Company A. The entry made at maturity in 2016 will include a credit to: a. interest revenue of TL80 b. interest revenue of TL20 c. interest receivable of TL80 d. interest receivable of TL20
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