Answer:
Date Account Titles Debit Credit
Oct 01 8% Note Receivables $35,000
Land $30,000
Gain on sale $5,000
(To record the sale of the land)
Dec 31 Interest receivable $700
Interest Revenue $700
(35,000*8%*3/12)
(To record Interest Revenue on Note for 3 month recognized)
Answer:
You write a report when u r being asked.
Explanation:
hope that will help you.
Supply increases and demand stays the same.
Hi there! Hopefully this helps!
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