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Accounting, Can you please check my work, If you correctly confirm or correctly adjust I will thumbs up On December 1, Daw Company accepts a
Accounting, Can you please check my work, If you correctly confirm or correctly adjust I will thumbs up
On December 1, Daw Company accepts a $32,000, 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. View transaction list View journal entry worksheet No Date December 31 January 15 General Journal Interest receivable Interest revenue Cash Notes receivable Interest receivable Debit 240 32,360 Credit 240 32,000 260
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