On November 30, 2011, Tucker Products performed computer programming services to Thomas, Inc., in exchange for a

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On November 30, 2011, Tucker Products performed computer programming services to Thomas, Inc., in exchange for a five-month, $75,000, 10 percent note receivable. Thomas, Inc., paid Tucker the full amount of interest and principal on April 30, 2012.
Required:
Prepare the necessary entries for Tucker to record the transactions described above.
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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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