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book Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac cover

Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

النسخة 26الرقم المعياري الدولي: 978-1337498159
book Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac cover

Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

النسخة 26الرقم المعياري الدولي: 978-1337498159
تمرين 41
Details of notes receivable and related entries
Gen-X Ads Co. produces advertising videos. During the current fiscal year, Gen-X Ads Co. received the following notes:
Details of notes receivable and related entries  Gen-X Ads Co. produces advertising videos. During the current fiscal year, Gen-X Ads Co. received the following notes:     Instructions  1. Determine for each note (a) the due date and (b) the amount of interest due at maturity, identifying each note by number. 2. Journalize the entry to record the dishonor of Note (3) on its due date.  3. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31.  4. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January and February.
Instructions
1. Determine for each note (a) the due date and (b) the amount of interest due at maturity, identifying each note by number.
2. Journalize the entry to record the dishonor of Note (3) on its due date.
3. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31.
4. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January and February.
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Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
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