On feb 1 marino marine equipment sold several pieces of, Ask an Expert

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On Feb 1, marino marine equipment sold several pieces of inventory to soderberg sails for 7000, by soberberg signing a five month (12% annual interest rate) note, accrued monthly but all payable on June 30. Record on Marino' books the entry on June 30 that recognizes soderberg's payment satifying the note receivable.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M989833

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