Deere company holds a $10,000 note receivable dated july 1, 2015, with 10% interest. what adjusting entry is needed on decemb
1 answer:
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Answer:
Kindly check attached picture
Explanation:
Given the following :
2013 2014 2015
Cash receipts from sales:
On 2013 sales 293,430 166,990 39,820
On 2014 sales 361,040 94,750
On 2015 sales 409,660
Cash payments for expenses:
On 2013 expenses 191,910 68,8703 4,880
On 2014 expenses 45,320 a176,560 55,130
On 2015 expenses 47,250 b222,210
Kindly check attached picture for detailed explanation
