On April 1, a company provides services to one of its customers for $17,000. As payment for the services, the company accepts a six- month, 8% note from the customer. Record the acceptance of the note receivable on April 1 and the cash collection on October 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet < 1 2 Record the acceptance of the note receivable. Note: Enter debits before credits. Date April 01 General Journal Debit Credit > 4

On April 1, a company provides services to one of its customers for $17,000. As payment for the services, the company accepts a six- month, 8% note from the customer. Record the acceptance of the note receivable on April 1 and the cash collection on October 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet < 1 2 Record the acceptance of the note receivable. Note: Enter debits before credits. Date April 01 General Journal Debit Credit > 4

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter3: Review Of A Company's Accounting System

Section: Chapter Questions

Problem 10RE: Use the information in RE3-6, (a) assuming Ringo Company makes reversing entries, prepare the...

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