Business
Business, 17.06.2021 21:30, Echo009

Accrued interest revenue of $30 on a note receivable. Recorded estimated bad debts in the amount of $725. Wrote off an overdue account receivable of $515. Converted a customer's $1,200 overdue account receivable into a note. Accrued $55 of interest earned on the note (in d). Collected the accrued interest (in e). Recorded $4,600 of sales, 75% of which were on account. Recognized cost of goods sold in the amount of $3,680. '

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Accrued interest revenue of $30 on a note receivable. Recorded estimated bad debts in the amount of...

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