Question
Oct.1 Bandor Company sold (that cost $30000) on credit for $35000. The buyer issued a 8%, 12 month note for this amount with the interest
Oct.1 Bandor Company sold (that cost $30000) on credit for $35000. The buyer issued a 8%, 12 month note for this amount with the interest to be paid on the maturity date.
Complete a regular journal entry and the adjusted journal entry
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
