Question
On December 31, 2006, the payee (the person who loaned the other person the money) on a $6,000, 90-day, 8% note dated November 1, 2006,
On December 31, 2006, the payee (the person who loaned the other person the money) on a $6,000, 90-day, 8% note dated November 1, 2006, will recognize:
a. Interest Receivable, $120
b. Interest Receivable, $80
c. Interest Payable, $120
d. Interest Payable, $80
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Excel Para Auditores Aplicando Excel A La Auditoria
Authors: Antonio P. Peralta C.
1st Edition
9945803697, 978-9945803693
