Question
On January 15, 2012, Craig Company received a two-month, 9%, $7,000 note from William Pentel for the settlement of his open account. The entry by
On January 15, 2012, Craig Company received a two-month, 9%, $7,000 note from William Pentel for the settlement of his open account. The entry by Craig Company on March 15, 2012 if Pentel dishonors the note and collection is expected is:
a. Accounts Receivable
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Safety Auditing A Management Tool
Authors: Donald W. Kase
1st Edition
0471289035, 978-0471289036
