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Following are transactions of Danica Company. December 13 Accepted a $28,000, 45-day, 2% note in granting Miranda Lee a time extension on her past-due
Following are transactions of Danica Company. December 13 Accepted a $28,000, 45-day, 2% note in granting Miranda Lee a time extension on her past-due account receivable. December 31 Prepared an adjusting entry to record the accrued interest on the Lee note.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
16th edition
1118742974, 978-1118743201, 1118743202, 978-1118742976
