Question: Pls answer the questions below. A sub will be given once it has been answered. Notes receivable repare the origination, accrual and settlement journal entries
Notes receivable repare the origination, accrual and settlement journal entries for JackJoe, Inc 5 points) and Lizzie Inc. (5 points), 6 entries in total, assuming the note is paid on time: On December 1, 20X5, JackJoe, Inc. received an X\% (select an interest rate between 5% and 7% ), 90 day, note receivable from Lizzie, Inc. This note was issued in settlement of a $100,000 outstanding account receivable
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