Assignment Help - homework help

journalize the entries to record the receipt of


Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January.
Date Face Amount Term Interest Rate
5. Nov. 15 $54,000 60days 6%
6. Dec. 27 $40,500 30days 4%

Note Due Date Interest Due At Maturity
(5) Jan 14: $540
(6) Jan 26: $135


What is the Interest Receivable and Interest Revenue?

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: journalize the entries to record the receipt of
Reference No:- TGS0403619

Expected delivery within 24 Hours