Included in gonzalez companys december 31 trial balance is, Ask an Expert

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Included in Gonzalez Company's December 31 trial balance is a note receivable of $19,800. The note is a 4-month, 10% note dated October 1. Prepare Gonzalez's December 31 adjusting entry to record $495 of accrued interest, and the February 1 journal entry to record receipt of $20,460 from the borrower?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9980909

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