What journal entry should the canada company make, Accounting Basics

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What journal entry should the canada company make

The Lethbridge Company purchased merchandise from the Canada Company on January 20, 2009. The Canada Company received a $8,000, 90-day, 10% note as payment from the Lethbridge Company.

What journal entry should the Canada Company make on April 20, 2009 when Lethbridge pays the note?

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Accounting Basics: What journal entry should the canada company make

Reference No:- TGS062576

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Fasb requirement and deferred taxes

Q : Magnitudes of economic fluctuations

Q : Company income tax expense

Q : Resource market and product market

Q : What journal entry should the canada company make

Q : What is her basis in the equipment

Q : Perform an environmental analysis

Q : Economic forecasts for real gdp

Q : Equivalent units under the weighted-average method

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What journal entry should the canada company make

Reference No:- TGS062576

Recent Questions Asked Accounting Basics

Q : Fasb requirement and deferred taxes

Q : Magnitudes of economic fluctuations

Q : Company income tax expense

Q : Resource market and product market

Q : What journal entry should the canada company make

Q : What is her basis in the equipment

Q : Perform an environmental analysis

Q : Economic forecasts for real gdp

Q : Equivalent units under the weighted-average method

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