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Author Question: On April 20, Jon paid $7,750 to Cascade Supply Company to fulfill his promissory note agreement. Of ... (Read 300 times)

Chloeellawright

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on: Feb 18, 2020
On April 20, Jon paid $7,750 to Cascade Supply Company to fulfill his promissory note agreement. Of the $7,750, $750 is interest. The journal entry Cascade Supply will record is to:
◦ debit Cash, $7,750; credit Note Receivable/Jon, $7,000; credit Interest Revenue, $750.
◦ debit Note Receivable/Jon, $7,750; credit Cash $7,750.
◦ debit Note Receivable/Jon, $7,750; credit Cash $7,000; credit Interest Revenue $750.
◦ debit Cash, $7,750; credit Note Receivable/Jon, $7,750.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by Chloeellawright on Feb 18, 2020

Zack0mack0101@yahoo.com

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Leah Bertrand

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Reply #2 on: Mar 17, 2021
Thank you


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