In the journal provided, prepare entries for the following (assume 360 day interest period): Omit explanations....
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In the journal provided, prepare entries for the following (assume 360 day interest period): Omit explanations. Show ALL interest calculations. Dec. Mar. Date 1 Received a three-month, 15 percent note receivable for $3,920 from a customer as an extension of his past-due account. 31 Made the year-end adjustment for accrued interest. 1 Received full payment on the note. General Journal Description Post. Ref. Debit Page Credit In the journal provided, prepare entries for the following (assume 360 day interest period): Omit explanations. Show ALL interest calculations. Dec. Mar. Date 1 Received a three-month, 15 percent note receivable for $3,920 from a customer as an extension of his past-due account. 31 Made the year-end adjustment for accrued interest. 1 Received full payment on the note. General Journal Description Post. Ref. Debit Page Credit
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Related Book For
Integrated Accounting
ISBN: 978-1285462721
8th edition
Authors: Dale A. Klooster, Warren Allen, Glenn Owen
Posted Date:
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