Question a note receivable for $5000 contained accrued interest of $150 for november and $200 interest for the month of december. the note was paid on december 18th. what entry should be made to record the receipt of payment

Question a note receivable for $5000 contained accrued interest of $150 for november and $200 interest for the month of december. the note was paid on december 18th. what entry should be made to record the receipt of payment

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Description: Questiona note receivable for $5000 contained accrued interest of $150 for november and $200 interest for the month of december. the note was paid on december 18th. what entry should be made to record the receipt of payment

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 1.7C

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