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Requirements Data table Determine the maturity date and maturity value of each note. Journalize the entries to establish each Note Receivable and to record collection
Requirements Data table Determine the maturity date and maturity value of each note. Journalize the entries to establish each Note Receivable and to record collection of principal and interest at maturity. Include a single adjusting entry on December the fiscal yearend, to record accrued interest revenue on any applicable note. Explanations are not required. Round to the nearest dollar.
Requirements
Data table
Determine the maturity date and maturity value of each note.
Journalize the entries to establish each Note Receivable and to record
collection of principal and interest at maturity. Include a single adjusting entry
on December the fiscal yearend, to record accrued interest revenue
on any applicable note. Explanations are not required. Round to the nearest
dollar.
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