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A QS 7-14 (Algo) Note receivable interest and maturity LO P4 On December 1, Dew Co accepts a $50,000, 45-day, 6% note from a customer
A QS 7-14 (Algo) Note receivable interest and maturity LO P4 On December 1, Dew Co accepts a $50,000, 45-day, 6% 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 (Use 360 days a year.) Hint View transaction list Journal entry worksheet Journal entry worksheet 2 ts Book Record the journal entry on the note's maturity date assuming it is honored Assume Daw Company does not prepare reversing entries. Hint eferences Note: Enter debits before credits Credit Date Jan 15 Debit 50.000 General Journal Cash Interest receivable Interest revenue Notes receivable Record entry Clear entry View general Journal
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