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Robbie Company paid Hoover Company for merchandise with a $8,000, 60-day, 9% note dated April 1. if Robbie Company pays the node at maturity
Robbie Company paid Hoover Company for merchandise with a $8,000, 60-day, 9% note dated April 1. if Robbie Company pays the node at maturity what entry should Hoover make at that time? Select one O A Cash Interest income Notes receivable 8,720 720 8,000 8. Notes payable interest expense Cash 0 C Cash Interest income Notes receivable 0 D. Notes payable Interest expense Cash 8.000 720 8.720 8,120 120 8,000 7,880 120 8.000
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Intermediate Accounting IFRS Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
2nd Edition
1118443969, 978-1118443965
