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Rotel Purchased Merchandise from TechCom on October 17, 2014

Question 93

Multiple Choice

Rotel purchased merchandise from TechCom on October 17, 2014. TechCom accepted Rotel's $4,800, 90-day, 10% note as payment. TechCom has a December 31st year end. What entry should TechCom make on January 15, 2015 when the note is honoured?


A) Rotel purchased merchandise from TechCom on October 17, 2014. TechCom accepted Rotel's $4,800, 90-day, 10% note as payment. TechCom has a December 31st year end. What entry should TechCom make on January 15, 2015 when the note is honoured? A) B) C) D) E)
B) Rotel purchased merchandise from TechCom on October 17, 2014. TechCom accepted Rotel's $4,800, 90-day, 10% note as payment. TechCom has a December 31st year end. What entry should TechCom make on January 15, 2015 when the note is honoured? A) B) C) D) E)
C) Rotel purchased merchandise from TechCom on October 17, 2014. TechCom accepted Rotel's $4,800, 90-day, 10% note as payment. TechCom has a December 31st year end. What entry should TechCom make on January 15, 2015 when the note is honoured? A) B) C) D) E)
D) Rotel purchased merchandise from TechCom on October 17, 2014. TechCom accepted Rotel's $4,800, 90-day, 10% note as payment. TechCom has a December 31st year end. What entry should TechCom make on January 15, 2015 when the note is honoured? A) B) C) D) E)
E) Rotel purchased merchandise from TechCom on October 17, 2014. TechCom accepted Rotel's $4,800, 90-day, 10% note as payment. TechCom has a December 31st year end. What entry should TechCom make on January 15, 2015 when the note is honoured? A) B) C) D) E)

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