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Prepare journal entries to record these transactions Mar. 21 Accepted a $6,90, six-month, 4% note dated today from Bradley Brooks in granting a time extension
Prepare journal entries to record these transactions Mar. 21 Accepted a $6,90, six-month, 4% note dated today from Bradley Brooks in granting a time extension on his past due account. Sept.21 Brooks dishonoured his note when presented for payment. Dec 31 After exhausting all legal means of collection, wrote off Brooks's account against the Allowance for Doubtful Accounts. View transaction list Journal entry worksheet
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