Business, 05.05.2020 00:35 Weser17

Exercise 5-15B Record notes receivable and interest revenue (LO5-7) On March 1, Company A provides legal services to Company B regarding some recent food poisoning complaints. Legal services total $9,100. In payment for the services, Company B signs a 8% note requiring the payment of the face amount and interest to Company A on September 1. Required: For Company A, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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Exercise 5-15B Record notes receivable and interest revenue (LO5-7) On March 1, Company A provides l...

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