I am stuck, please help! note in the accounting records. Assume a 360 day...
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I am stuck, please help!
note in the accounting records. Assume a 360 day year. Using the preceding information, compute the term and the interest rate of the note receivable from Fast Feet. 1. Term of the note: days 2. Interest rate of the note: % Feedback Check My Work 1. Use the equation for computing interest on a note but solve for the term. 2. Use the equation for computing interest on a note but solve for the interest rate the nearest dollar. Dec. 31 X X Mar. 1 ! Feedback Check My Work 4. Remember to consider that the note was issued and collected at maturity in different years. Final Questions method and expected 0.75% of credit sales to be uncollectible. What is the amount of the adjusting entry to provide for doubtful accounts on December 31 ? Round all computations to the nearest dollar. $ x by $ x 3. Using the allowance method, the net realizable value of the receivables would appear on which financial statement
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