Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 21 Aug 2017 My Price 4.00

Crouser Company

E14-23  Notes Receivable   On January 1, 2007 Crouser Company sold land to Chad Company, accepting a two-year,

$150,000 non-interest-bearing note due January 1, 2009. The fair value of the land was $123,966.90 on the date of sale. The company purchased the land for $120,000 on January 1,   2001.

Required

Prepare all the journal entries on Crouser Company’s books for January 1, 2007 through January 1, 2009 in regard to the Chad Company note.

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Aug 2017 03:08 PM My Price 4.00

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