In the journal provided,prepare entries for the following (assume a calendar-year accounting period): Omit explanations.
Dec. 1Received a three-month, 15 percent note receivable for $ \$ 800 $ from a customer as an extension of his past-due account.
31 Made the year-end adjustment for accrued interest.

Mar. 1Received full payment on the note.

Question

In the journal provided,prepare entries for the following (assume a calendar-year accounting period): Omit explanations.
 Dec. 1Received a three-month, 15 percent note receivable for $ \$ 800 $ from a customer as an extension of his past-due account.
31 Made the year-end adjustment for accrued interest.

Mar. 1Received full payment on the note.

Quizplus · Accepted Answer

The Answer of In the journal provided,prepare entries for the following (assume a calendar-year accounting period): Omit explanations.
 Dec. 1Received a three-month, 15 percent note receivable for $ \$ 800 $ from a customer as an extension of his past-due account.
31 Made the year-end adjustment for accrued interest.

Mar. 1Received full payment on the note.

In the Journal Provided,prepare Entries for the Following (Assume a Calendar-Year