On November 1, Bahama National Bank lends $3 million and accepts a six-month, 6% note receivable. Interest

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On November 1, Bahama National Bank lends $3 million and accepts a six-month, 6% note receivable. Interest is due at maturity. Record the acceptance of the note and the appropriate adjustment for interest revenue at December 31, the end of the reporting period.
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Financial Accounting

ISBN: 9780078110825

2nd Edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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