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Problem

Riverbed Family Importers sold goods to Tung Decorators for $40, 800 on November 1, 2017, accepting Tung's $40, 800, 6-month, 6% note.

Prepare Riverbed's November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92809359

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