Pharoah Company has the following transactions related to notes receivable during 2022. 1 Exchanged Goforth Inc.s...
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Pharoah Company has the following transactions related to notes receivable during 2022. 1 Exchanged Goforth Inc.s $12,000 accounts receivable for a 2-year, 7% note. Dec. 31 Accrued interest revenue on the note receivable. Oct. Journalize the transactions for Pharoah Company (round to the nearest dolar). (Credit account titles are automatically indented when the amount is nabered De manually. Record journal entries in the order presented in the problem.) Date AcEount Tiles and Explanation Debit Credit Pharoah Company has the following transactions related to notes receivable during 2022. 1 Exchanged Goforth Inc.s $12,000 accounts receivable for a 2-year, 7% note. Dec. 31 Accrued interest revenue on the note receivable. Oct. Journalize the transactions for Pharoah Company (round to the nearest dolar). (Credit account titles are automatically indented when the amount is nabered De manually. Record journal entries in the order presented in the problem.) Date AcEount Tiles and Explanation Debit Credit
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Related Book For
Accounting Principles
ISBN: 978-1118342190
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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