Customer in exchange for customers past due account

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Reference no: EM13746843

How to journalize a 2-month, 6%, $203 million note receivable from a large corporate customer in exchange for the customer's past due account? Note: the company made the proper year-end adjusting entry for the interest on this note. Also, how to journalize a bank reporting $58 million of NSF checks on from customers?

Reference no: EM13746843

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Customer in exchange for customers past due account : How to journalize a 2-month, 6%, $203 million note receivable from a large corporate customer in exchange for the customer's past due account? Note: the company made the proper year-end adjusting entry for the interest on this note. Also, how to jour..

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