Ginter Co. holds Kolar Inc.s $10,000, 120-day, 9% note. The entry made by Ginter Co. when the
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Ginter Co. holds Kolar Inc.’s $10,000, 120-day, 9% note.
The entry made by Ginter Co. when the note is collected, assuming no interest has been previously accrued, is:
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(a) Cash Notes Receivable (b) Cash Notes Receivable (c) Accounts Receivable Notes Receivable Interest Revenue (d) Cash Notes Receivable Interest Revenue 10,300 10,300 10,000 10,000 10,300 10,300 10,000 300 10,000 300
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Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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