Fundamental Accounting Principles Study Set 5
Quiz 9: Accounting for Receivables
Calculate the Amount of Interest That Would Be Owed on a $9,000
Calculate the amount of interest that would be owed on a $9,000, 60-day, 9% note receivable at maturity.
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If a 90-day note receivable is dated June 12, what is the maturity date of the note?
If a 60-day note receivable is dated September 22, what is the maturity date of the note?
On May 31, a company had a balance in its accounts receivable of $103,895. Prepare journal entries to record the following transactions for June.
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