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please help asap Question 32 On January 15, 2016, Bonita Company received a two-month, 12%, $8500 note from Peter Long for the settlement of his
please help asap
Question 32 On January 15, 2016, Bonita Company received a two-month, 12%, $8500 note from Peter Long for the settlement of his open account. The entry by Bonita Company on March 15, 2016 if Long dishonors the note and collection is expected is: Accounts Receivable-P. Long 8330 Interest Lost 170 Notes Receivable 8500 8670 Accounts Receivable-P. Long Notes Receivable 8500 Interest Revenue 170 Bad Debt Expense 8670 Notes Receivable 8670 Accounts Receivable-P. Long 8500 Notes Receivable 8500Step by Step Solution
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