On March 2, Accepted a(n) $6,400, 7%, 90-day note in granting a time extension on the past-due

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On March 2, Accepted a(n) $6,400, 7%, 90-day note in granting a time extension on the past-due account receivable from Midnight Company. what would be the notes receivable and accounts receivable by midnight company?

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Posted Date: Mar 12, 2024 09:46 PM

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On March 2, Accepted a(n) $6,400, 7%, 90-day note in granting a time extension on the past-due

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The account affected at Midnight Company would be Accounts Receivable with a decrease of 6400 Notes ... View the full answer

Fundamental Accounting Principles

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