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x On December 1 2017 your company paid out 500.000 on a Notes Receivable. The note was for n. 30years requiring monthly payments. You take
x On December 1 2017 your company paid out 500.000 on a Notes Receivable. The note was for n. 30years requiring monthly payments. You take over as the new company accountant and there are no work papers for this account but you must make the adjusting entry for this account as you just received payment of 551682. It is payment 210. All payments up to this date were all made on time and no additional principle payments have been made. What is the journal Selected Answer Cash 553502 interest Revenue 416.67 Notes Receivable 120.15 o Cash 636.26 Notes Receivable 36.23 West Revenue 100 Notes Receivable 13015 Cash S3 interest 1149 Notes Table 152.73 Interest 67 New 2015 C 50 x On December 1 2017 your company paid out 500.000 on a Notes Receivable. The note was for n. 30years requiring monthly payments. You take over as the new company accountant and there are no work papers for this account but you must make the adjusting entry for this account as you just received payment of 551682. It is payment 210. All payments up to this date were all made on time and no additional principle payments have been made. What is the journal Selected Answer Cash 553502 interest Revenue 416.67 Notes Receivable 120.15 o Cash 636.26 Notes Receivable 36.23 West Revenue 100 Notes Receivable 13015 Cash S3 interest 1149 Notes Table 152.73 Interest 67 New 2015 C 50
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