Journal entry-floral arrangements for holidays and events

Reference no: EM13142661

Adrian's flower show provides floral arrangements for holidays and events. Adrian's sold Oxford City Hall a holiday arrangement for $10,000 on account in November of the amount due within prescribed period. Both parties agreed to satisfy the remaining balance with a ten-month note, at 14% interest, all payable at the end of the note. Please record the appropriate journal entry establishing the note on Adrian's books.

Reference no: EM13142661

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