A note receivable of $8,600 was received on March 31 with an interest rate of 8%....
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A note receivable of $8,600 was received on March 31 with an interest rate of 8%. Record the adjusting entry for interest on the Note Receivable at year end. A note receivable of $8,600 was received on March 31 with an interest rate of 8%. Record the adjusting entry for interest on the Note Receivable at year end.
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First we need to compute the amount of interest that has accrue... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
Posted Date:
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