Business, 16.03.2020 22:01 giovney

Teller, a calendar year company, purchased merchandise from TechCom on November 1 of the current year. TechCom accepted Teller's $4,800, 90-day, 10% note as payment. What entry should TechCom make on February 1 of the next year when the note is paid, assuming an adjusting entry for interest was made for interest on December 31?

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Teller, a calendar year company, purchased merchandise from TechCom on November 1 of the current yea...

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