Business
Business, 06.04.2021 04:20, bandnerd1

On September 30, 2016, the Esquire Company sold some merchandise to Callxpress Company. In payment, Esquire agreed to accept a note maturing on June 30, 2017. The note is a $50,000, 9-month, 8% interest-bearing note requiring the payment of principal and interest on June 30, 2017. The 6% rate is appropriate in this situation. The adjusting entry that the Callxpress Company should prepare on December 31, 2016 includes a:

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On September 30, 2016, the Esquire Company sold some merchandise to Callxpress Company. In payment,...

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