Hot Heat Steam Cleaning performs services on account. When a customer account becomes four months old, Hot
Question:
Apr 28 Performed service on account for Sinclair Club, $18,000.
Sep 1 Received an $18,000, 60-day, 9% note from Sinclair Club in satisfaction of its past-due account receivable.
Oct 31 Collected the Sinclair Club note at maturity.
Requirement
1. Record the transactions in Hot Heat’s journal.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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