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Write the journal entry! Please show work 20. The Company performed a bank reconciliation for the current month. The bank statement showed $15 of bank
Write the journal entry!
Please show work
20. The Company performed a bank reconciliation for the current month. The bank statement showed $15 of bank fees. In addition, the Company collected on a $4,500 note receivable. The note receivable was outstanding for 3 months and had a stated interest rate of 5.6\%. No interest has previously been recorded in the general journal. The debtor paid all of the note and accrued interest over to the bank and this shows on the bank statement. 20. The Company performed a bank reconciliation for the current month. The bank statement showed $15 of bank fees. In addition, the Company collected on a $4,500 note receivable. The note receivable was outstanding for 3 months and had a stated interest rate of 5.6\%. No interest has previously been recorded in the general journal. The debtor paid all of the note and accrued interest over to the bank and this shows on the bank statementStep by Step Solution
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