A company receives interest on a P30,000,000, 6 , 5 year note receivable each April 1 At December 31, 2021, the following adjusting entry was made to accrue interest receivable Interest Receivable Interest Revenue 1,350,000 1,350,000 Assuming that the company does not use reversing entries, what e...

On April 1 2022 when the annual interest payment is received the company should make the follo ...

A company receives interest on a P30,000,000, 6%, 5-year note receivable each April 1. At December...

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Fundamentals of Financial Accounting

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A company receives interest on a P30,000,000, 6%, 5-year note receivable each April 1. At December...

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