What would be the amount required for the december


On Nov. 15 2010, Betty corp accepted a not receivable in place of an outstanding accounts receivable in the amount 138,460. The note is due in 90 days and has interest rate of 7.5%. What would be the amount required for the Dec. 31 2010 adjusting journal entry?

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Accounting Basics: What would be the amount required for the december
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