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On October 1, 2014, the Western company received a 120 day, 5% note from Southern company in the settlement of an account receivable of $45,000.
On October 1, 2014, the Western company received a 120 day, 5% note from Southern company in the settlement of an account receivable of $45,000. The Western company collected the note at maturity. Required: Prepare journal entries 1- to record the acquisition of the note, 2-the collection of the note at due date
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Software Engineering Reviews And Audits
Authors: Boyd L. Summers
1st Edition
143985145X, 978-1439851456
