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RecRoom Equipment Company received an $8000 six month 6% note on 11.1.21 to settle an $8000 unpaid balance owed by a customer. Prepare the journal
RecRoom Equipment Company received an $8000 six month 6% note on 11.1.21 to settle an $8000 unpaid balance owed by a customer. Prepare the journal entries to record the following transactions for RecRoom.
11/1/2021 | Notes Receivable | 8,000 | |
Accounts Receivable | 8,000 | ||
12/31/2021 | |||
5/1/2022 | |||
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