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Included in Riverbed Companys December 31 trial balance is a note receivable of $10,560. The note is a4-month,10% note dated October 1. Prepare Riverbeds December
Included in Riverbed Companys December 31 trial balance is a note receivable of $10,560. The note is a4-month,10% note dated October 1. Prepare Riverbeds December 31 adjusting entry to record $264of accrued interest, and the February 1 journal entry to record receipt of $10,912from the borrower.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
Date | Account Titles and Explanation | Debit | Credit |
Feb. 1Oct. 1Dec. 31 | |||
Feb. 1Oct. 1Dec. 31 | |||
|
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