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9. On Jan 15, 2020, the company converted a $5,000 account receivable into a note receivable. Principal and interest (at 6%) are due in
9. On Jan 15, 2020, the company converted a $5,000 account receivable into a note receivable. Principal and interest (at 6%) are due in 3 months. Provide the J/E for the conversion. 0. Re 9. Above, what J/E is required on Jan 31, 2020 (assume a half month interest).
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Financial Accounting
Authors: David Spiceland, Wayne Thomas, Don Herrmann
4th edition
1259307956, 978-1259307959
