4) Eloquent Media Ltd. completed the following transactions: Sept. 14, 2019 Provided services to Inga Corporation on account, $3,000, terms 30 days. Nov. 1, 2019 Accepted a one-year, 12% note from Inga Corporation to settle its account. Dec. 31, 2019 Accrued interest on the note from Inga Corporation. (Round to the nearest dollar.) Nov. 1, 2020 Received amount due from Inga Corporation. Record entries for the above transactions.

4) Eloquent Media Ltd. completed the following transactions: Sept. 14, 2019 Provided services to Inga Corporation on account, $3,000, terms 30 days. Nov. 1, 2019 Accepted a one-year, 12% note from Inga Corporation to settle its account. Dec. 31, 2019 Accrued interest on the note from Inga Corporation. (Round to the nearest dollar.) Nov. 1, 2020 Received amount due from Inga Corporation. Record entries for the above transactions.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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