QUESTION 6 (Receivables) Montreal Bank issued a $100,000 note receivable to a customer on January...
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QUESTION 6 (Receivables) Montreal Bank issued a $100,000 note receivable to a customer on January 1, 2018. Interest rate is 3% and is payable the first day of each month starting February 1, 2018 Explain impacts on financial statements at issuance and during the first tow month (anuary and February 2018). The company adjusts its account each month DATE ACCOUNTS
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