Question
Included in Sage Companys December 31 trial balance is a note receivable of $9,600. The note is a 4-month, 10% note dated October 1. Prepare
Included in Sage Companys December 31 trial balance is a note receivable of $9,600. The note is a 4-month, 10% note dated October 1. Prepare Sages December 31 adjusting entry to record $240 of accrued interest, and the February 1 journal entry to record receipt of $9,920 from the borrower.
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The Reward And Benefits Audit
Authors: Michael Armstrong
1st Edition
1907766081, 978-1907766084
