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Saddle Incorporated accepts a $9,000, 7%, 120-day note receivable for cash from Rope Company. Journalize the appropriate entry on the date of issuance. Notes
Saddle Incorporated accepts a $9,000, 7%, 120-day note receivable for cash from Rope Company. Journalize the appropriate entry on the date of issuance. Notes Receivable 9,210 Cash 9,210 Notes Receivable 9,000 Accounts Receivable 9,000 Notes Receivable 9,210 Cash 9,210 Interest Revenue 210 Notes Receivable 9,000 Cash 9,000
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
78025761, 978-0078025761
