Question: AFU August 1. Clinton Ltd. accepted a $26.800 note from Borges Ltd. in settlement of an account receivable. The note beans interested and both principal
AFU August 1. Clinton Ltd. accepted a $26.800 note from Borges Ltd. in settlement of an account receivable. The note beans interested and both principal and interest are due in two months, on October 1. Interest on the note was accrued on August 31 and on tember 30. On October 1. Borges paid the note, including the accrued interest. Prepare the journal entries required to record the ve transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. De indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Tities and Explanation AFU August 1. Clinton Ltd. accepted a $26.800 note from Borges Ltd. in settlement of an account receivable. The note beans interested and both principal and interest are due in two months, on October 1. Interest on the note was accrued on August 31 and on tember 30. On October 1. Borges paid the note, including the accrued interest. Prepare the journal entries required to record the ve transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. De indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Tities and Explanation
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