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Included in company's December 31 trial balance is a note-(Answered)

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Included in company's December 31 trial balance is a note receivable of $12000. The note is a 4-month, 10% note dated October 1. Prepared? the company 's December 31 adjusting entry? to record $300 of accrued interest, and the February 1 journal entry to record receipt of $12400 from the borrower.

 

Paper#9255746 | Written in 27-Jul-2016

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