Question: Dec. 16 Accepted a $14,800, 60-day, 8% note dated this day in granting Danny Todd a time extension on his past-due account receivable. 31 Made

Dec. 16

Accepted a $14,800, 60-day, 8% note dated this day in granting Danny Todd a time extension on his past-due account receivable.
31 Made an adjusting entry to record the accrued interest on the Todd note.

2013
Feb. 14 Received Todd

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