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Practice Question 44 Ginter Co. holds Kolar Inc.'s $10,000, 120-day, 996 note. The entry made by Ginter Co. when the note is collected, assuming no
Practice Question 44 Ginter Co. holds Kolar Inc.'s $10,000, 120-day, 996 note. The entry made by Ginter Co. when the note is collected, assuming no interest has been previously accrued, is OCash 10,300 Notes Receivable 10,300 10,000 Cash Notes Receivable 10,000 Cash 10,300 Notes Receivable Interest Revenue Accounts Receivable 10,000 300 10,300 10,000 300 Notes Receivable Interest Revenue
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