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Wildhorse Company lends Martinez industries $48000 on January 1, 2022, accepting a 9-month, 12% interest note. If Martinez dishonors the note and does not pay
Wildhorse Company lends Martinez industries $48000 on January 1, 2022, accepting a 9-month, 12% interest note. If Martinez dishonors the note and does not pay it in full at maturity but Wildhorse expects that it will eventually be able to collect the debt, which of the following entries should most likely be made by Wildhorse? Accounts Receivable Notes Receivable Interest Revenue Accounts Receivable Notes Receivable Interest Receivable Cash Notes Receivable 52320 52320 48000 48000 4320 48000 4320 48000 
Wildhorse Company lends Martinez industries $48000 on January 1, 2022, accepting a 9 -month, 12% interest note. If Martinez dishonors the note and does not pay it in full at maturity but Wildhorse expects that it will eventually be able to collect the debt, which of the following entries should most likely be made by Wildhorse
Wildhorse Company lends Martinez industries $48000 on January 1, 2022, accepting a 9-month, 12% interest note. If Martinez dishonors the note and does not pay it in full at maturity but Wildhorse expects that it will eventually be able to collect the debt, which of the following entries should most likely be made by Wildhorse? Accounts Receivable Notes Receivable Interest Revenue Accounts Receivable Notes Receivable Interest Receivable Cash Notes Receivable 52320 52320 48000 48000 4320 48000 4320 48000
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Auditors Guide To Information Systems Auditing
Authors: Richard E. Cascarino
1st Edition
0470009896, 978-0470009895
