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On August 1, Oak Ltd. accepted a $28,000 note from Borges Ltd. in settlement of an account receivable. T note was accrued on August 31

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On August 1, Oak Ltd. accepted a $28,000 note from Borges Ltd. in settlement of an account receivable. T note was accrued on August 31 and on September 30. On October 1, Borges paid the note, including the (Credit account titles are automatically indented when the amount is entered. Do not indent ma o for the amounts.) Date Account Titles and Explanation Debit Credit On August 1, Oak Ltd. accepted a $28,000 note from Borges Ltd. in settlement of an account receivable. T note was accrued on August 31 and on September 30. On October 1, Borges paid the note, including the (Credit account titles are automatically indented when the amount is entered. Do not indent ma o for the amounts.) On August 1, Oak Ltd. accepted a $28,000 note from Borges Ltd. in settlement of an account receivable. T note was accrued on August 31 and on September 30. On October 1, Borges paid the note, including the (Credit account titles are automatically indented when the amount is entered. Do not indent ma o for the amounts.) Date Account Titles and Explanation Debit Credit On August 1, Oak Ltd. accepted a $28,000 note from Borges Ltd. in settlement of an account receivable. T note was accrued on August 31 and on September 30. On October 1, Borges paid the note, including the (Credit account titles are automatically indented when the amount is entered. Do not indent ma o for the amounts.)

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