Question
On March 1, Jane Corporation accepted a 60-day, 33?%, $21,900 note receivable from J. Peters in exchange for his account receivable A. Journalize the transaction
On March 1, Jane Corporation accepted a 60-day, 33?%, $21,900 note receivable from J. Peters in exchange for his account receivable
A. Journalize the transaction on March 1.
B. Journalize the adjusting entry needed on March 31 to accrue interest revenue. Round to the nearest dollar.
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
