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What am I doing wrong? I am sure this is right. One of the numbers is wrong apparently? On August 31, 2018, Becca Tierney borrowed
What am I doing wrong? I am sure this is right. One of the numbers is wrong apparently?
On August 31, 2018, Becca Tierney borrowed $9,000 from Great State Bank. Tierney signed a note payable, promising to pay the bank principal plus interest on August 31, 2019. The interest rate on the note is 12%. The accounting year of Great State Bank ends on June 30, 2019. Journalize Great State Bank's (a) lending money on the note receivable at August 31, 2018, (b) accrual of interest at June 30, 2019, and (c) collection of principal and interest at August 31, 2019, the maturity date of the note. 10,080 2019 Aug 31 Cash Interest Revenue 180 Interest Receiveable 900 Note Receivable Becca Tierney 9000 Enter any number in the edit fields and then click CheckStep by Step Solution
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