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Fall Company holds a $4,000, 8%, 45-day note of Harold Stone. On the maturity date Stone dishonors the note. Which of the following statements is true regarding Fall Company's journal entry to record this event? a) Fall Company has no entry to make. b) The entry will include a debit to interest revenue for $40. c) The entry will include a debit to accounts receivable for $4,040. d) The entry will include a credit to notes receivable for $4,000. e) Both C and D are true statements.
exercise 13-3 here is financial information for pauletti inc. december 31 2012 december 31 2011 current assets 109655
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Prepare the Journal Entries in the General Journal, Post Journal Entries to the General Ledger, Post Adjusting Entries to the General Ledger
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