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On December 1, Daw Co, accepts a $40,000, 45-day, 9% note from a customer Check my work On December 1, Daw Co. accepts a $40,000,
On December 1, Daw Co, accepts a $40,000, 45-day, 9% note from a customer
Check my work On December 1, Daw Co. accepts a $40,000, 45-day, 9% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31. (2) Prepare the entry required on the note's maturity date assuming it is honored. (Use 360 days a year.) View transaction list Journal entry worksheet Record the year-end adjustment related to this note, if any, Note: Enter debts before credits Date General Journal Debit Credit Referen Dec 31 Record entry Clear entry View general journal Check my work 3 On December 1, Daw Co, accepts a $40,000, 45-day, 9% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31. (2) Prepare the entry required on the note's maturity date assuming it is honored. (Use 360 days a year.) Skipped View transaction list Journal entry worksheet Record the journal entry on the note'maturity date assuming it is honored. Assume Daw Company does not prepare reversing entries. Date General Journal Debit Credit References Jan 15 Record entry Clear entry View general journal Step by Step Solution
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