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The Kiefer Corporation sold goods to Starch Decorators for $75,000 on September 1, 2017, accepting Rice's $75,000, 6-month, 6% note. Prepare Kiefer's September 1 entry,
The Kiefer Corporation sold goods to Starch Decorators for $75,000 on September 1, 2017, accepting Rice's $75,000, 6-month, 6% note. Prepare Kiefer's September 1 entry, December 31, annual adjusting entry, and March 1 entry for the collection of the note and interest. 9/1/17 Debit - Credit - Sales Revenue 12/31/17 Debit - Interest Receivable Credit 3/1/18 Debit - Cash Credit - Notes Receivable 3/1/18 Debit - Cash Credit - Notes Receivable Credit - Interest Receivable Credit - 750
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Contemporary Human Resource Management Text And Cases
Authors: Tom Redman, Adrian Wilkinson
4th Edition
9780273757825
