LO4. How are notes receivables accounted for? a) ABC Company loaned Tony Baker $10,000 for...
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LO4. How are notes receivables accounted for? a) ABC Company loaned Tony Baker $10,000 for six months at 10%. Answer the following: i) What is the interest revenue for the six months? ii) What is the maturity value? b) What is a dishonored note? In MyAccountingLab, complete Try It! 8-4 and S8-9 through S8-12. O5. How do we use the acid-test ratio, accounts receivable turnover ratio, and days' sales in receivable to evaluate business performance
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