COLLEGE ACCOUNTING
13th Edition
ISBN: 9780357531846
Author: Scott
Publisher: CENGAGE L
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Chapter D, Problem 5P
a.
To determine
Compute the due date of the note.
b.
To determine
Compute the interest to be received on due date.
c.
To determine
Journalize the receipt of note in settlement of account.
d.
To determine
Journalize the collection of principal and interest on the note on June 9.
e.
To determine
Journalize the issuance of note in settlement of account.
f.
To determine
Journalize the payment of principal and interest on the note on June 9 (maturity date).
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