Accrued Interest Assignment | Top Universities

Accrued Interest Assignment | Top Universities

Included in Ivanhoe Company's December 31 trial balance is a note receivable of $8.BBO. The note is a 4-month, 10% note dated October 1. Prepare Ivanhoe's December 31 adjusting entry to record $222 of accrued interest, and the February 1 journal entry to record receipt of $9,176 from the borrower. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. …
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Accrued Interest Assignment | Top Universities

 

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Accrued Interest Assignment | Top Universities 

Accrued Interest Assignment | Top Universities

Included in Ivanhoe Company's December 31 trial balance is a note receivable of $8.BBO. The note is a 4-month, 10% note dated October 1. Prepare Ivanhoe's December 31 adjusting entry to record $222 of accrued interest, and the February 1 journal entry to record receipt of $9,176 from the borrower. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. …
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Accrued Interest Assignment | Top Universities

 

Accrued Interest Assignment | Top Universities 

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