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Jun. 130 Several MBA groups participate in TEAM adventures during June. Great Adventures provides services...

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Accounting

Jun. 130 Several MBA groups participate in TEAM adventures during June. Great Adventures provides services on account for $19,000 to these groups, with payment due in July.

Jun. 30 Myers Manufacturing fails to pay the amount owed within the specified period and agrees to sign a three-month, 9% note receivable to replace the existing account receivable.-

  • Record the acceptance of the note from Myers Manufacturing.

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