On March 1, Jane Corporation accepted a 60-day, 33?%, $21,900 note receivable from J. Peters...
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Accounting
On March 1, Jane Corporation accepted a 60-day, 33?%, $21,900 note receivable from J. Peters in exchange for his account receivable
A. Journalize the transaction on March 1.
B. Journalize the adjusting entry needed on March 31 to accrue interest revenue. Round to the nearest dollar.
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