Solved: On 6 april the company received a 90-day 10 acceptance, Accounting Basics

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On 6 april the company received a 90-day 10 acceptance

Question - On 6 April, the company received a 90-day, 10% acceptance covering the amount owing by F. French, the acceptor, for $5,500.

What would go in the general journal to record receipt of bill?

Is it DR bills receivable, CR accounts receivable - f. french and CR unearned interest?

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Accounting Basics: On 6 april the company received a 90-day 10 acceptance

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Accounting Basics: On 6 april the company received a 90-day 10 acceptance

Reference No:- TGS02441699

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