These transactions took place for renda co 2011 may 1, Ask an Expert

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These transactions took place for Renda Co. 2011 May 1 Received a $5,000, 1-year, 6% note in exchange for an outstanding account receivable from S. Dorsey. Dec 31 Accrued interest revenue on the S. Dorsey note. 2012 May Received principal plus interest on the S. Dorsey note. (No interest has been accrued since December 31, 2011.) Record the transactions in the general journal.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9983144

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