Business, 13.07.2020 22:01 phucnguyen1967
Louvers, Inc., accepted a $15,000, 180-day, 10 percent note from a customer on May 31. On June 30, Louvers prepared a period-end adjusting entry to accrue the $125 of interest owed on the note. The note is honored on November 27.
Required:
Prepare the necessary November 27 entry for Louvers.
Answers: 2
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Louvers, Inc., accepted a $15,000, 180-day, 10 percent note from a customer on May 31. On June 30, L...
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