Question
On April 1, a company provides services to one of its customers for $18,000. As payment for the services, the company accepts a six-month, 9%
On April 1, a company provides services to one of its customers for $18,000. As payment for the services, the company accepts a six-month, 9% note from the customer.
Record the acceptance of the note receivable on April 1 and the cash collection on October 1.
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April 1 Dr Notes receivable 18000 Cr Acc...
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
