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R Åacc HOME WORK Blent Blenty needed additional cash to finance a new factory building valued at $250,000. In using his of $300,000. What are the entry if Blent Blenty assigned A/R valued at 50% and gave a promissory note for the balance to the Royal Bank of Canada at November 15, 2019? The finance charge is 10%. a. What is the entry if customers paid the 40% of the note on December 15,2019 What is the entry if Blent Blenty factored A/R valued at 50% and gave a promissory note for the balance to the Royal Bank of Canada at November

R Åacc HOME WORK Blent Blenty needed additional cash to finance a new factory building valued at $250,000. In using his of $300,000. What are the entry if Blent Blenty assigned A/R valued at 50% and gave a promissory note for the balance to the Royal Bank of Canada at November 15, 2019? The finance charge is 10%. a. What is the entry if customers paid the 40% of the note on December 15,2019 What is the entry if Blent Blenty factored A/R valued at 50% and gave a promissory note for the balance to the Royal Bank of Canada at November

FINANCIAL ACCOUNTING
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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am. 107.

A Åacc HOME WORK Blent Blenty needed additional cash to finance a new factory building valued at $250,000. In using his of $300,000. What are the entry if Blent Blenty R assigned A/R valued at 50% and gave a promissory note for the balance to the Royal Bank of Canada at November 15, 2019? The finance charge is 10%. a. What is the entry if customers paid the 40% of the note on December 15,2019 What is the entry if Blent Blenty factored A/R valued 50% and gave a promissory note for the balance to the Royal Bank of Canada at November
Transcribed Image Text:A Åacc HOME WORK Blent Blenty needed additional cash to finance a new factory building valued at $250,000. In using his of $300,000. What are the entry if Blent Blenty R assigned A/R valued at 50% and gave a promissory note for the balance to the Royal Bank of Canada at November 15, 2019? The finance charge is 10%. a. What is the entry if customers paid the 40% of the note on December 15,2019 What is the entry if Blent Blenty factored A/R valued 50% and gave a promissory note for the balance to the Royal Bank of Canada at November
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