Business, 06.11.2019 06:31 fredvales19

On december 1, 2021, liang chemical provides services to a customer for $90,000. in payment for the services, the customer signs a three-year, 10% note. the face amount is due at the end of the third year, while annual interest is due each december 1. required: record the acceptance of the note on december 1, 2021. record the interest collected on december 1 for 2022 and 2023, and the adjustment for interest revenue on december 31 for 2021, 2022, and 2023. record the cash collection on december 1, 2024.

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On december 1, 2021, liang chemical provides services to a customer for $90,000. in payment for the...