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Waterway Family Importers sold goods to Tung Decorators for $44,400 on November 1, 2020, accepting Tungs $44,400, 6-month, 6% note. Prepare Waterways November 1 entry,
Waterway Family Importers sold goods to Tung Decorators for $44,400 on November 1, 2020, accepting Tungs $44,400, 6-month, 6% note. Prepare Waterways November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.
(If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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