July Record the following transactions in general journal form for Diankob Company. Received a $10,000, 8%,...
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July Record the following transactions in general journal form for Diankob Company. Received a $10,000, 8%, 3-month note, dated July 1, from Dalia in payment of her open account 1 Oct. 1 Received notification from Dalia that she was unable to honor her note at this time. It is expected that Dalia will pay at a later date. Nov. 15 Received full payment from Dalia for her note receivable previously dishonored. July Record the following transactions in general journal form for Diankob Company. Received a $10,000, 8%, 3-month note, dated July 1, from Dalia in payment of her open account 1 Oct. 1 Received notification from Dalia that she was unable to honor her note at this time. It is expected that Dalia will pay at a later date. Nov. 15 Received full payment from Dalia for her note receivable previously dishonored.
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To record these transactions in general journal form for Diankob Company you would make the followin... View the full answer
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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