Coolidge company owes $1,000 for merchandise inventory purchased from ross company during april. the amount owed is now past-due. on june 15, coolidge meets with ross and convinces ross to accept $400 cash and a 30-day, 10 percent, $600 note payable to replace the account payable.
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Coolidge company owes $1,000 for merchandise inventory purchased from ross company during april. the...
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