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Coronado Construction Co. receives a note receivable from Nash's Trading Plastics Inc. as settlement of an overdue account receivable. The note is for three months
Coronado Construction Co. receives a note receivable from Nash's Trading Plastics Inc. as settlement of an overdue account receivable. The note is for three months and bears an annual interest rate of 5%. The original accounts receivable balance was $1200. At the end of the three-month period, Coronado Construction Co. will pay Nash's Trading Plastics Inc. $1215. $60. $1260. $15
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
9th Edition
111970958X, 9781119709589
