Essay
Flint Distributors has the following transactions related to notes receivable during the last two months of the year.
Dec. 1 Loaned $12,000 cash to G. Kingsley on a 1-year, 6% note.
16 Sold goods to D. Jones, receiving a $2,400, 60-day, 7% note.
31 Accrued interest revenue on all notes receivable.
Instructions
Journalize the transactions for Flint Distributors.
Correct Answer:
Verified
Correct Answer:
Verified
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