Question
Non-interest-bearing short-term note: Use the market rate of 6%. Milner Family Importers sold goods to Tung Decorators for $30,000 on November 1, 2017, accepting Tungs
Non-interest-bearing short-term note: Use the market rate of 6%.
Milner Family Importers sold goods to Tung Decorators for $30,000 on November 1, 2017, accepting Tungs $30,000, 6-month note. Prepare Milners November 1, entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.
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Auditors Guide To IT Auditing Software Demo
Authors: Richard E. Cascarino
2nd Edition
1118147618, 978-1118147610
