Question
Arnold Company lend Highland company $10,000 on June 1, accepting a 6-month, 8% interest note. The entry that arnold will make on June 1 will
Arnold Company lend Highland company $10,000 on June 1, accepting a 6-month, 8% interest note. The entry that arnold will make on June 1 will include which of the following:
| credit Notes Receivable 10,800. | ||
| B. | debit Notes Receivable for 10,000. | |
| C. | credit Notes Receivable for 10,400. | |
| D. | debit Notes Receivable 10,100. |
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Enterprise Compliance Risk Management An Essential Toolkit For Banks And Financial Services
Authors: Saloni Ramakrishna
1st Edition
1118550285, 978-1118550281
