Question
Included in company's December 31 trial balance is a note receivable of $12000. The note is a 4-month, 10% note dated October 1. Prepared the
Included in company's December 31 trial balance is a note receivable of $12000. The note is a 4-month, 10% note dated October 1. Prepared the company 's December 31 adjusting entry to record $300 of accrued interest, and the February 1 journal entry to record receipt of $12400 from the borrower.
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Law, Business And Society
Authors: Tony McAdams, Kiren Dosanjh Zucker, Kristofer Neslund, Kari Smoker
12th Edition
1259721884, 978-1259721885
