Help Save & Exit Submit RecRoom Equipment Company received an $9,600, sik-month, 6 percent note...
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Accounting
Help Save & Exit Submit RecRoom Equipment Company received an $9,600, sik-month, 6 percent note to settle an $9600 unpaid balance owed by a customer. a The note is accepted by RecRoom on November 1 causing the company to increase its Notes R its Accounts Receivable. b. RecRoom adjusts its records for interest earned to its December 31 year-end. c. RecRoom receives the interest on the note's maturity date. d RecRoom receives the principal on the note's maturity date. Prepare journal entries to record the above transactions for RecRoom. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.)
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