Question
Included in Larkspur Companys December 31 trial balance is a note receivable of $10,800. The note is a 4-month, 10% note dated October 1. Prepare
Included in Larkspur Companys December 31 trial balance is a note receivable of $10,800. The note is a 4-month, 10% note dated October 1. Prepare Larkspurs December 31 adjusting entry to record $270 of accrued interest, and the February 1 journal entry to record receipt of $11,160 from the borrower.
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Financial Accounting An International Introduction
Authors: David Alexander
7th Edition
129229583X, 978-1292295831
