Question
On November 16, 2020, Source for Sports gave Kinsmen Sports a 90-day, 12%, $120,000 note payable to extend a past due account payable. Prepare the
On November 16, 2020, Source for Sports gave Kinsmen Sports a 90-day, 12%, $120,000 note payable to extend a past due account payable. Prepare the journal entry for Source for Sports to record the note and the extension of the past due account.
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Trust Me Im Almost An Auditor
Authors: Lily Hazelwood
1st Edition
1791960405, 978-1791960407
