(Answered) Question - kingbird family importers sold goods to tung

Accounting

Question - Kingbird Family Importers sold goods to Tung Decorators for $33,600 on November 1, 2017, accepting Tung's $33,600, 6-month, 5% note.

Prepare Kingbird'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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