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28 February, 23:02

The interest on a $64,000 note at 5% for three months is

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Answers (1)
  1. 29 February, 01:19
    0
    Accounting: Receivables

    1. February 12

    2. $800

    3. 0.70

    4. debit to Accounts Receivable-Daniels & Company for $12,300

    5. decreases net income and decreases assets

    6. credit-to-interest revenue

    7. contra asset, credit

    8. acid-test ratio

    9. credit to the customer's account receivables

    10. $720
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