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On Aug 1, ABC received a 60 day, 10% note for 12,000 from McAnn's Auto in settlement of an existing Accounts Receivable. On Oct 1,
On Aug 1, ABC received a 60 day, 10% note for 12,000 from McAnn's Auto in settlement of an existing Accounts Receivable. On Oct 1, when asked to pay, McAnn Dishonored the Note. The Journal entry to ...
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
