Question: A 2014 July 1 Loaned 70 000 to an employee of

a. 2014/July 1 Loaned $ 70,000 to an employee of the company and received back a one-year, 10 percent note.
b. Dec. 31 Accrued interest on the note.
c. 2015/July 1 Received interest on the note. (No interest has been recorded since December 31.)
d. July 1 Received principal on the note.
Required:

View Solution:


Sale on SolutionInn
Sales0
Views45
Comments
  • CreatedNovember 02, 2015
  • Files Included
Post your question
5000