What adjusting entry should be made by nicholson on december
Problem
On November 19, Nicholson Company receives a $16,200, 60-day, 10% note from a customer to replace an account receivable. What adjusting entry should be made by Nicholson on the December 31 year-end?
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On November 19, Nicholson Company receives a $16,200, 60-day, 10% note. What adjusting entry should be made by Nicholson on the December 31 year-end?
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