Business, 23.11.2019 05:31 Anthony1442

Android products, inc., agreed to accept a $1,000, one-year, 10 percent note from c. mate. on its maturity date of december 16, mate honors the note by making a payment of $1,100. that payment consisted of the principal of $1,000 plus interest in the amount of $100 (computed as $1,000 × 10%).
prepare the necessary december 16 entry for android by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

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Android products, inc., agreed to accept a $1,000, one-year, 10 percent note from c. mate. on its ma...