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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