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Windsor Finance Co.holds Wildhorse Supply Inc.'s $49200, 120-day, 9% note. The entry made by Windsor when the note is collected, assuming no interest has previously
Windsor Finance Co.holds Wildhorse Supply Inc.'s $49200, 120-day, 9% note. The entry made by Windsor when the note is collected, assuming no interest has previously been accrued is: (Use 360 days for calculation.) Cash Notes Receivable Accounts Receivable Notes Revenue Interest Revenue Cash Notes Receivable Interest Revenue Accounts Receivable 49200 50676 50676 50676 49200 49200 1476 49200 1476
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