Tuesday, June 8, 2010

Quick Study Questions 9-5 (QS 9-5) Dekon Company’s December 31 year-end unadjusted trial balance shows an $8,000 balance in Notes Receivable

ACC 226

Axia College of University of Phoenix (UoP)

Financial Accounting

Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)

ACC 226 Solution
Help in ACC 226

Quick Study Questions 9-5 (QS 9-5) Dekon Company’s December 31 year-end unadjusted trial balance shows an $8,000 balance in Notes Receivable. This balance is from one 6% note dated December 1, with a period of 45 days. Prepare journal entries for December 31 and for the note’s maturity date assuming it is honored.

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