The following selected transactions occurred during 2016 for Mitchell Movers. The company ends it accounting year on
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Question:
The following selected transactions occurred during 2016 for Mitchell Movers. The company ends it accounting year on December 31.
Apr. 1 | Performed services on account for Ellison Rentals, $12,000. |
Aug. 1 | Received a $12,000, 3 month, 9% note from Ellison in satisfaction of its past-due account receivable. |
Nov. 1 | Collected the Ellison note at maturity |
Prepare the journal entries to record these transactions.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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