Included in Gonzalez NVs December 31 trial balance is a note receivable of 12,000. The note is
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Included in Gonzalez NV’s December 31 trial balance is a note receivable of €12,000. The note is a 4-month, 10% note dated October 1. Prepare Gonzalez’s December 31 adjusting entry to record €300 of accrued interest, and the February 1 journal entry to record receipt of €12,400 from the borrower.
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Related Book For 
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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