Question
Record the following transactions for Redeker Co. in the general Journal. May 1- Received a $9000, 12 month, 10% note in exchange for Mark Chambers
Record the following transactions for Redeker Co. in the general Journal.
May 1- Received a $9000, 12 month, 10% note in exchange for Mark Chambers outstanding accounts receivable.
Dec 31-Accrued interes on the chamber note.
Dec 31. Closed the interest revenue account.
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Financial & Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
9781133607618, 978-1285868776
