Essay
Prepare general journal entries for the following transactions of this company for the current year:
Dec. 13 Accepted a -day, 9\% note dated December 13 in granting Faith Renee a time extension on her past-due account receivable.
31 Prepared an adjusting entry to record the accrued interest on the Renee note.
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December 13 Notes Receivable……...View Answer
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