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On December 1, a company accepts a $28,000, 45-day, 6% note from a customer. Prepare the year-end adjusting entry to record accrued interest revenue on
On December 1, a company accepts a $28,000, 45-day, 6% note from a customer. Prepare the year-end adjusting entry to record accrued interest revenue on December 31. Prepare the entry required on the note's maturity date assuming it is honored. Note: Use 360 days a year
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Financial Reporting International Standards
Authors: Graham Eaton
1st Edition
0750662379, 978-0750662376
