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    Notes Receivable

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    Exercise 9-6:

    Prepare journal entries to record these selected transactions for Vitalo Company.

    Nov. 1 Accepted a $6,000, 180-day, 8% note dated November 1 from Kelly White in granting a time extension on her past-due account receivable.

    Dec. 31 Adjusted the year-end accounts for the accrued interest earned in the White note.

    Apr. 30 White honors her note when presented for payment.

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    https://brainmass.com/business/auditing/notes-receivable-217326

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    Exercise 9-6:

    Prepare journal entries to record these selected transactions for Vitalo Company.

    Nov. 1 Accepted a $6,000, 180-day, 8% note dated November 1 from Kelly White in granting a time extension on her past-due account receivable.

    The accounts receivable is ...

    Solution Summary

    The solution explains the journal entries relating to notes receivable

    $2.19

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