Fly has a fiscal year end of june 30 and gonzo paid the


On April 1, Fly Corporation accepted cash of $15,000 and a six-month, 6%, $75,000 interest-bearing note from Gonzo, Inc., as settlement of an account receivable. Fly has a fiscal year end of June 30, and Gonzo paid the principal and the interest at maturity

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Accounting Basics: Fly has a fiscal year end of june 30 and gonzo paid the
Reference No:- TGS02585268

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