Outstanding accounts receivable balance of a customer

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Reference no: EM131745922

This is two questions. The first question is just to fill in the blanks. The second question has 4 parts. I will type each part of the second question here as well.

For the second question:

1) Record the receipt of a note on November 1 for $10,200 to settle an outstanding accounts receivable balance of a customer.

2) Record the interest accrued on the note as of December 31.

3) Record the receipt of the interest on the note's maturity date.

4) Record the receipt of the payment for the full principal.

Reference no: EM131745922

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