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Marigold Family Importers sold goods to Tung Decorators for $37,800 on November 1, 2017, accepting Tungs $37,800, 6-month, 6% note. Prepare Marigolds November 1 entry,
Marigold Family Importers sold goods to Tung Decorators for $37,800 on November 1, 2017, accepting Tungs $37,800, 6-month, 6% note. Prepare Marigolds November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.
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