Bundle: College Accounting: A Career Approach (with QuickBooks Online), Loose-leaf Version, 13th + LMS Integrated CengageNOWV2, 1 term (6 months) Printed Access
13th Edition
ISBN: 9781337587358
Author: Cathy J. Scott
Publisher: Cengage Learning
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Textbook Question
Chapter D, Problem 6P
Prepare entries in general journal form to record the following:
June 12 Sold merchandise on account to K. Perrot; terms n/30; $1,740.
July 12 Received $740 in cash from K. Perrot and a 60-day, 7 percent note for $1,000, dated July 12.
Aug. 17 Discounted the note at the bank at 7.5 percent.
Check Figure
8/17 Cash, $1006.61
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Chapter D Solutions
Bundle: College Accounting: A Career Approach (with QuickBooks Online), Loose-leaf Version, 13th + LMS Integrated CengageNOWV2, 1 term (6 months) Printed Access
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