Question
On April 12, I M Greasy, Inc., agrees to accept a 60-day, 10%, $4,600 note from Black Beard Co. to extend the due date on
On April 12, I M Greasy, Inc., agrees to accept a 60-day, 10%, $4,600 note from Black Beard Co. to extend the due date on an overdue account. What is the journal entry that Black Beard needs to make on their books in order to record the transaction?
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College Accounting A Practical Approach Chapters 1-26
Authors: Jeffrey Slater
8th Edition
0130911429, 978-0130911421
