Solved: Apr 1 performed services on account for ellison rentals, Accounting Basics

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Apr 1 performed services on account for ellison rentals

Question - The following selected transactions occurred during 2016 for Mitchell Movers. The company ends it accounting year on December 31.

Apr. 1 Performed services on account for Ellison Rentals, $12,000.

Aug. 1 Received a $12,000, 3 month, 9% note from Ellison in satisfaction of its past-due account receivable.

Nov. 1 Collected the Ellison note at maturity

Conduct the journal entries to record these transactions.

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Accounting Basics: Apr 1 performed services on account for ellison rentals

Reference No:- TGS02709013

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Accounting Basics: Apr 1 performed services on account for ellison rentals

Reference No:- TGS02709013

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