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Ex 3) Dilmun co. entered into the following transactions in 2019 oct 5 Accepted $4000 cash and a $6000 60-day, 10% note from a customer
Ex 3) Dilmun co. entered into the following transactions in 2019 oct 5 Accepted $4000 cash and a $6000 60-day, 10% note from a customer to replace 10,000 past-due accounts receivable. Dec4 received payment of maturity amount from the customer. 100 cash Required 1. Record the receipt of cash and the note from customer on October 5 2. Record cash received from the customer at maturity. intrest fevenue
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