A note receivable with a face value of $10,000 was received from a customer in connection with a sale of merchandise on October 1, 2014. The note has a stated interest rate of 12% and the principal and interest are both due on October 1, 2015. An appropriate adjusting entry was made on December 31, 2014, the end of the annual accounting period. No reversing entry was recorded on January 1, 2015. The journal entry to record the collection of the principal plus interest on October 1, 2015 will involve a credit to:
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.