Business, 18.02.2020 22:04 keyairareid7

On December 21, 2016, Alpha Company accepted from Bravo a $10,000, 90-day, 8% note in lieu of an existing $10,000 account receivable. Alpha Company's fiscal year-end is December 31. Use this information to prepare for the Alpha Company the General Journal entries (without explanation) for December 21, 2016.

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On December 21, 2016, Alpha Company accepted from Bravo a $10,000, 90-day, 8% note in lieu of an exi...