Nelsie Corporation has an outstanding 60-day 6% note receivable amounting to P 15,000 dated December of the ne year. The company is using the calendar year in preparing its financial statements. What account should be credited and what is the amount? 

Answer rating: 100% (QA)

Since Nelsie Corporation has an outstanding 60day 6 note receivable amounting to P1500... View the full answer