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On November 15,2013,Betty Corporation Accepted a Note Receivable in Place

Question 113

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On November 15,2013,Betty Corporation accepted a note receivable in place of an outstanding accounts receivable in the amount of $138,460.The note is due in 90 days and has an interest rate of 7.5%.What is the appropriate journal entry to record at maturity?


A) On November 15,2013,Betty Corporation accepted a note receivable in place of an outstanding accounts receivable in the amount of $138,460.The note is due in 90 days and has an interest rate of 7.5%.What is the appropriate journal entry to record at maturity? A) B) C) D) E)
B) On November 15,2013,Betty Corporation accepted a note receivable in place of an outstanding accounts receivable in the amount of $138,460.The note is due in 90 days and has an interest rate of 7.5%.What is the appropriate journal entry to record at maturity? A) B) C) D) E)
C) On November 15,2013,Betty Corporation accepted a note receivable in place of an outstanding accounts receivable in the amount of $138,460.The note is due in 90 days and has an interest rate of 7.5%.What is the appropriate journal entry to record at maturity? A) B) C) D) E)
D) On November 15,2013,Betty Corporation accepted a note receivable in place of an outstanding accounts receivable in the amount of $138,460.The note is due in 90 days and has an interest rate of 7.5%.What is the appropriate journal entry to record at maturity? A) B) C) D) E)
E) On November 15,2013,Betty Corporation accepted a note receivable in place of an outstanding accounts receivable in the amount of $138,460.The note is due in 90 days and has an interest rate of 7.5%.What is the appropriate journal entry to record at maturity? A) B) C) D) E)

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