Question
On June 13 th , Paper Company receives a $6,000, 90-day, 6% promissory note from Dame Company in settlement of an open accounts receivable. Journalize
On June 13th, Paper Company receives a $6,000, 90-day, 6% promissory note from Dame Company in settlement of an open accounts receivable. Journalize the following:
- Receipt of the note
- Receipt of payment on the appropriate maturity date.
Format: Use the Chart of Accounts provided to you (do not bother adding company names). Enter all debits and credits as whole numbers, WITH COMMAS, but NO DECIMALS or DOLLAR SIGNS!
| Date | Description | Debit | Credit |
| June 13 |
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| June 13 |
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Agile Auditing Fundamentals And Applications
Authors: Raven Catlin, Danny M Goldberg, Ceciliana Watkins
1st Edition
1119693462, 9781119693468
