Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 6.00

Zippy Do Co.

Entries for notes receivable, including year-end entries

The following selected transactions were completed  by  Zippy  Do  Co.,  a  supplier  of zippers  for  clothing:

2015

Dec. 3. Received from Chicago Clothing & Bags Co., on account, a $36,000, 90-day, 6% note dated December 3.

31.  Recorded an adjusting entry for accrued interest on the note of December 3.

31.  Recorded the closing entry for interest revenue.

 

2016

Mar. 2. Received payment of note and interest from Chicago Clothing & Bags Co. Journalize the entries to record the transactions.

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 09:08 PM My Price 6.00

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