edee Flashcards by Wyatt Pike | Brainscape

Q

A 90 day, 12% note for $20,000 is received from a customer on account. What are the
journal entries to record the issuance of the note and the receipt at maturity

A

Depit Notes recievable
Credit accounts recievable

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Q

Add Deposits in trasnsit

A

Bank

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Q

Subtract Outstanding Checks

A

Bank

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Q

Corrections in bank errors

A

Bank

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