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These transactions took place for Sheridan Co. 2021 May Dec. 31 1 Received a $27,450, 12 months, 8% note in exchange for an outstanding accounts
These transactions took place for Sheridan Co. 2021 May Dec. 31 1 Received a $27,450, 12 months, 8% note in exchange for an outstanding accounts receivable from Mark Chamber. Accrued interest revenue on the Chamber note. Dec. 31 2022 May Closed the interest revenue account. 1 Received principal plus interest on the Chamber note. (No interest has been accrued since December 31, 2021.)
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Accounting Information Systems
Authors: Steven M. Bragg
2nd Edition
164221079X, 9781642210798
