The following selected transactions occurred during 2016 for Mitchell Movers The company ends it accounting year on December 31 Apr 1 Performed services on account for Ellison Rentals, $12,000 Aug 1 Received a $12,000, 3 month, 9 note from Ellison in satisfaction of its past due account receivable ...

Debit Credit 1Apr Elllison R ...

The following selected transactions occurred during 2016 for Mitchell Movers. The company ends it accounting year on

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The following selected transactions occurred during 2016 for Mitchell Movers. The company ends it accounting year on December 31.

Apr. 1	Performed services on account for Ellison Rentals, $12,000.
Aug. 1	Received a $12,000, 3 month, 9% note from Ellison in satisfaction of its past-due account receivable.
Nov. 1	Collected the Ellison note at maturity

Prepare the journal entries to record these transactions.

Apr 1


Aug 1


Nov 1

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Financial and Managerial Accounting

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3rd Edition

Authors: Horngren, Harrison, Oliver

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The following selected transactions occurred during 2016 for Mitchell Movers. The company ends it accounting year on

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Debit Credit 1Apr Elllison R... View the full answer

Financial and Managerial Accounting

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