Instructions: Prepare journal entries to record the following events: July 1 Nov. 1 Nov. 1 Blackrock...
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Instructions: Prepare journal entries to record the following events: July 1 Nov. 1 Nov. 1 Blackrock Company received an 6%, 2-month $3,000 note dated August 1 from a customer on account. The note is honoured and no interest has been accrued. I Assume instead that the note is dishonoured by its maker and there is hope of future collection. Instructions: Prepare journal entries to record the following events: July 1 Nov. 1 Nov. 1 Blackrock Company received an 6%, 2-month $3,000 note dated August 1 from a customer on account. The note is honoured and no interest has been accrued. I Assume instead that the note is dishonoured by its maker and there is hope of future collection.
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Financial Accounting Information for Decisions
ISBN: 978-1259533006
8th edition
Authors: John J. Wild
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