Record the following note receivable transactions in the journal of Coral Realty. How much interest revenue did
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May 1 Jul Loaned $19,000 cash to Carl Fajar on a one-year, 890 note. Performed service for Fairway, receiving a 90-day, 10% note for $13,000. Received a $5,000, six-month, 13% note on account from Weston, Inc. Accrued interest revenue for the year. 6 16 31
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Journal DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT May 1 Note Receivable Carl Fajar 1...View the full answer
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Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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