fatnaqvi25
Dec 20, 2010, 06:25 AM
The president informs you that beverly's building products agrees to convert the $14,000 overdue accounts receivable(invoice No.1119) balance to a 12% note due six months from today.
Is this entry correct?
Notes Receivable dr 10,080
Accounts Receivable cr 10,080
Is this entry correct?
Notes Receivable dr 10,080
Accounts Receivable cr 10,080