Accounting for Notes Receivable On November 30, Tucker Products performed computer programming services...
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Accounting for Notes Receivable On November Tucker Products performed computer programming services for Thomas Inc. in exchange for a month, $ note receivable. Thomas paid Tucker the full amount of interest and principal on April Required: Prepare the necessary entries for Tucker to record the transactions described above assuming a December year end. If an amount box does not require an entry, leave it blank. Round your final answer to the nearest dollar. Nov. Record issuance of the note Dec. Record accrued interest income Apr. Record collection of note receivable
Accounting for Notes Receivable
On November Tucker Products performed computer programming services for Thomas Inc. in exchange for a month, $ note receivable. Thomas paid Tucker the full amount of interest and principal on April
Required:
Prepare the necessary entries for Tucker to record the transactions described above assuming a December year end. If an amount box does not require an entry, leave it blank. Round your final answer to the nearest dollar.
Nov.
Record issuance of the note
Dec.
Record accrued interest income
Apr.
Record collection of note receivable
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