Prepare general journal entries for the following transactions of this company for the current year:
Dec. 13 Accepted a $8,000, 60-day, 9% note dated December 13 in granting Faith Renee a time extension on her past-due account receivable.
31 Prepared an adjusting entry to record the accrued interest on the Renee note.

Question

Prepare general journal entries for the following transactions of this company for the current year:
Dec. 13  	Accepted a $8,000, 60-day, 9% note dated December 13 in granting Faith Renee a time extension on her  past-due account receivable.
31  	Prepared an adjusting entry to record the accrued interest on the Renee note.

Quizplus · Accepted Answer

The Answer of Prepare general journal entries for the following transactions of this company for the current year:
Dec. 13  	Accepted a $8,000, 60-day, 9% note dated December 13 in granting Faith Renee a time extension on her  past-due account receivable.
31  	Prepared an adjusting entry to record the accrued interest on the Renee note.

Prepare General Journal Entries for the Following Transactions of This