Maurice Tutor

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Expertise:
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Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
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Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Sep 2017 My Price 4.00

La Bamba Company

La Bamba Company had the following select transactions.

Apr.

1, 2012

Accepted Shatner Company’s 1-year, 12% note in settlement of a $20,000
   

account receivable.

July

1, 2012

Loaned $25,000 cash to Richie Rosenberg on a 9-month, 10% note.

Dec.

31, 2012

Accrued interest on all notes receivable.

Apr.

1, 2013

Received principal plus interest on the Shatner note.

Apr.

1, 2013

Richie Rosenberg dishonored its note; La Bamba expects it will eventually collect.

Instructions

Prepare journal entries to record the transactions. La Bamba prepares adjusting entries once a year on December 31.

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Sep 2017 03:09 PM My Price 4.00

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