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Quesuur DUIS View Policies Show Attempt History Current Attempt in Progress At December 31, 2021, Sunland Company had a five-month, 6%, $80,400 note receivable that
Quesuur DUIS View Policies Show Attempt History Current Attempt in Progress At December 31, 2021, Sunland Company had a five-month, 6%, $80,400 note receivable that was issued on October 1, 2021 Interest and principal are payable at maturity on March 1, 2022. Prepare the December 31, 2021, adjusting entry for accrued interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To accrue interest at year-end) e Textbook and Media Assistance Used Fearch o Bet | Question 5 of 5 -72 Prepare the March 1, 2022, entry to record the receipt of cash at maturity for the note. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit Mar. 1 (To record collection of note and interest) e Textbook and Media List of Accounts pe here to search o EI
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