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Milner Family Importers sold goods to Tung Decorators for $30,000 on November 1, 2015, accepting Tungs $30,000, 6-month, 6% note. Prepare Milners November 1 entry,
- Milner Family Importers sold goods to Tung Decorators for $30,000 on November 1, 2015, accepting Tung’s $30,000, 6-month, 6% note. Prepare Milner’s November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
