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Based on the pictures i submitted how would i prepare the year-end adjusting entry to record accured intrest revenue on Dec. 31st? then prepare the
Based on the pictures i submitted how would i prepare the year-end adjusting entry to record accured intrest revenue on Dec. 31st? then prepare the entry required on the notes maturity date assuming it is honored? What would be the journal entry for the year end adjustment, and what would the journal entry be to record the notes maturity daye assuming its honored assuming Daw company dowa not prepare reversing entries?
On December 1, Daw Company accepts a $36,000,45-day, 10% 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. Journal entry worksheet Record the year-end adjustment related to this note, if any. Note: Enter debits before credits. Journal entry worksheet Record the journal entry on the note's maturity date assuming it is honored. Assume Daw Company does not prepare reversing entries. Note: Enter debits before credits Step by Step Solution
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