1 On September 1. Asix-month,9% note receivable is acquired from ShaunYoung, a customer in the settlement of...
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1 On September 1. Asix-month,9% note receivable is acquired from ShaunYoung, a customer in the settlement of his $22,000 account receivable.
Journalize the following events:
- The receipt of not on September 1
- The adjustment to record accrued interest revenue on December 1
- Collection of the principal and interest on March
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Step 1 of 4 If the credit sales customer is unable to pay the amo... View the full answer
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