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Business, 20.06.2020 17:57 rhiannpelham60

Exercise 240 These transaction took place for Sanders Co. 2016 May1Received a $15,000, 1-year, 9% note in exchange for an outstanding account receivable from T. Foley. Dec.31Accrued interest revenue on the T. Foley note. 2017 May1Received principal plus interest on the T. Foley note. (No interest has been accrued since December 31, 2016.) Record the transactions in general journal. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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Exercise 240 These transaction took place for Sanders Co. 2016 May1Received a $15,000, 1-year, 9% no...
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