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What is the entry to record the receipt of the bill prior

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Question -

-Entity A received 10% amounting 200,000, one year, note receivable on July 1, 2021. Entity A uses a calendar year period. The principal and interest on the note are due on July 1, 2022. What is the adjusting entry on December 2021?

-Entity A issued a 12% 200,000, one year, note payable on November 1, 2021. Entity A uses a calendar year period. The principal and interest on the note are due on November 1, 2022. What is adjusting entry on December 31,2021?

-A business receives its electricity bill for the period amounting to 6,000. What is the entry to record the receipt of the bill prior to its payment?

Reference no: EM132945140

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