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Phillips Planners accepted a $14.500 note from M. Bianchi in settlement of an old account receivable. The 3 percent note was dated December 2, 2019,
Phillips Planners accepted a $14.500 note from M. Bianchi in settlement of an old account receivable. The 3 percent note was dated December 2, 2019, and was due in four months 1. What is the journal entry on Philips Planners's books on December 2, 2019? 2. Assume that Phillips Planners's year-end is December 31. How much interest revenue is accrued on December 31, 2019? 3. What is the amount of interest revenue in 2020? 1. What is the journal entry on Phillips Planners's books on December 2, 2019? (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit 2019 Dec 2 2. Assume that Phillips Planners's year-end is December 31 How much interest revenue is accrued on December 31, 2019? (Round your answer to the nearest whole dollar) The amount of interest revenue accrued on December 31, 2019 is Choose from any list or enter any number in the input fields and then continue to the next question Joumal Entry Accounts Date Debit Credit 2019 Dec. 2 2. Assume that Phillips Planners's year-end is December 31. How much interest revenue is accrued on December 31, 2019? The amount of interest revenue accrued on December 31, 2019 is 3. What is the amount of interest revenue in 2020? (Round your answer to the nearest whole dollar.) The amount of interest revenue in 2020 is Choose from any list or enter any number in the input fields and then continue to the next question Type here to search o
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