Question
Record the following transactions in the journal of Atomic Consulting, which ends its accounting year on November 30, 2019. A: April 30, 2019 Lent $40,000
Record the following transactions in the journal of Atomic Consulting, which ends its accounting year on November 30, 2019.
A: April 30, 2019 Lent $40,000 to Wayne Rooney on a 1-year, 7% note.
B: November 30, 2019 Accrued interest revenue on the note.
C: April 30, 2020 Collected principal and interest due on the note at the end of 1 year.
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The Franchise Handbook A Complete Guide To All Aspects Of Buying Selling Or Investing In A Franchise
Authors: Atlantic Publishing Co
1st Edition
0910627541, 978-0910627542
