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Problem 12 Mid-Night Auto Supply Co.

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Question;Problem 12 15 pointsOn December 16, 2013, Mid-Night Auto Supply Co. accepted a $13,500 note receivable, at 12%, due in 60 days. Note: The note was dated December 16, 2013 (that was 15 days before the end of its annual accounting period ended). What journal entries would Mid-Night Auto Supply Co. make for the following date?A) December 16, 2013B) December 31, 2013C) February 14, 2014 (the noted is paid in full)

 

Paper#37559 | Written in 18-Jul-2015

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