4) Eloquent Media Ltd. completed the following transactions: Sept. 14, 2019 Provided services to Inga Corporation on account, $3,000, terms 30 days. Nov. 1, 2019 Accepted a one-year, 12% note from Inga Corporation to settle its account. Dec. 31, 2019 Accrued interest on the note from Inga Corporation. (Round to the nearest dollar.) Nov. 1, 2020 Received amount due from Inga Corporation. Record entries for the above transactions.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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4) Eloquent Media Ltd. completed the following transactions:
Sept. 14, 2019 Provided services to Inga Corporation on account, $3,000, terms 30 days.
Nov. 1, 2019 Accepted a one-year, 12% note from Inga Corporation to settle its
account. Dec. 31, 2019 Accrued interest on the note from Inga Corporation. (Round to the
nearest dollar.)
Nov. 1, 2020 Received amount due from Inga Corporation.
Record entries for the above transactions.
Transcribed Image Text:4) Eloquent Media Ltd. completed the following transactions: Sept. 14, 2019 Provided services to Inga Corporation on account, $3,000, terms 30 days. Nov. 1, 2019 Accepted a one-year, 12% note from Inga Corporation to settle its account. Dec. 31, 2019 Accrued interest on the note from Inga Corporation. (Round to the nearest dollar.) Nov. 1, 2020 Received amount due from Inga Corporation. Record entries for the above transactions.
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