Question
Problem 2 (*15 points/**20 points) A) Included in Smith Company's December 31 trial balance is a note receivable of $31,000. The note is a
Problem 2 (*15 points/**20 points) A) Included in Smith Company's December 31 trial balance is a note receivable of $31,000. The note is a 90 day. 8% note dated November 1. Prepare Smith's December 31 adjusting entry to record accrued interest, and the Ja journal entry to record the note when paid at maturity. Date Account Debit Credit
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
1259536351, 978-1259536359
