Question: Oak Bay Interior Decorators issued a 90-day, 6% note for $40,000, dated April 15, to Victoria Furniture Company in exchange for an account receivable. Journalize
Journalize the entries to record the following:
(1) Receipt of the note by Victoria Furniture
(2) Receipt of payment of the note at maturity.
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1 Apr 15 Notes Receivable 4000000 Accou... View full answer
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