A $13,200,60-day, 12% note recorded on November 21 is not paid by the maker at...
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A $day, note recorded on November is not paid by the maker at maturity. Assume a day year. The journal entry to recognize this event is a debit Notes Receivable for $; credit Accounts Receivable for $; credit Interest Receivable for $ b debit Accounts Receivable for $; credit Notes Receivable for $; credit Interest Revenue for $ c debit Notes Receivable for $; credit Accounts Receivable for $ d debit Cash for $; credit Notes Receivable for $
A $day, note recorded on November is not paid by the maker at maturity. Assume a day year. The journal entry to recognize this event is
a debit Notes Receivable for $; credit Accounts Receivable for $; credit Interest Receivable for $
b debit Accounts Receivable for $; credit Notes Receivable for $; credit Interest Revenue for $
c debit Notes Receivable for $; credit Accounts Receivable for $
d debit Cash for $; credit Notes Receivable for $
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