Question: Rotel purchased merchandise from TechCom on October 17, 2012. TechCom accepted Rotel's $4,800, 90-day, 10% note as payment. TechCom has a December 31st year end.

Rotel purchased merchandise from TechCom on October 17, 2012. TechCom accepted Rotel's $4,800, 90-day, 10% note as payment. TechCom has a December 31st year end. What entry should TechCom make on January 15, 2023 when the note is honoured

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