Question: Problem V - Notes Receivable (15 points) Instructions Prepare journal entries to record the following events: Jul. 1 TL Company accepted a 8%, 4-month, $10,000

Problem V - Notes Receivable (15 points) Instructions Prepare journal entries

Problem V - Notes Receivable (15 points) Instructions Prepare journal entries to record the following events: Jul. 1 TL Company accepted a 8%, 4-month, $10,000 note dated July 1 from TH Company for the balance due on TL's account. Jul. 31 TL accrued interest on the above note for the month of July

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