INTERMEDIATE ACCOUNTING (ACCT 4950)
INTERMEDIATE ACCOUNTING (ACCT 4950)
10th Edition
ISBN: 9781307662122
Author: SPICELAND
Publisher: MCG/CREATE
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Metro Company accepts from Wilson Corp. a $5,800, 60-day, 8% note dated July 15 in settlement of Wilson's overdue account. (a) What is the maturity date of the note? (b) What entry does Metro make at the maturity date, assuming Wilson pays the note and interest in full at that time?
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ABC Company has December unit sales of 12,000 units. Assuming a 5 percent growth, what is the projected unit sales?
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