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Exam 8: Reporting and Analyzing Receivables

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Exam 1: Introduction to Financial Statements229 Questionsadd course
Exam 2: A Further Look at Financial Statements239 Questionsadd course
Exam 3: The Accounting Information System283 Questionsadd course
Exam 4: Accrual Accounting Concepts312 Questionsadd course
Exam 5: Merchandising Operations and the Multiple-Step Income Statement273 Questionsadd course
Exam 6: Reporting and Analyzing Inventory259 Questionsadd course
Exam 7: Fraud, Internal Control, and Cash264 Questionsadd course
Exam 8: Reporting and Analyzing Receivables261 Questionsadd course
Exam 9: Reporting and Analyzing Long-Lived Assets303 Questionsadd course
Exam 10: Reporting and Analyzing Liabilities310 Questionsadd course
Exam 11: Reporting and Analyzing Stockholders Equity277 Questionsadd course
Exam 12: Statement of Cash Flows235 Questionsadd course
Exam 13: Financial Analysis: The Big Picture295 Questionsadd course
Exam 14: Understanding Investments and Acquisitions in Accounting314 Questionsadd course
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Young Company lends Dobson industries $40,000 on August 1, 2014, accepting a 9-month, 12% interest note. If Young accrued interest at its December 31, 2014 year-end, what entry must it make to record the collection of the note and interest at its maturity date? Young Company lends Dobson industries $40,000 on August 1, 2014, accepting a 9-month, 12% interest note. If Young accrued interest at its December 31, 2014 year-end, what entry must it make to record the collection of the note and interest at its maturity date?

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