note and interest at its maturity date? Cash 45144 Notes Receivable 43200 Interest Revenue 1944 O Cash 45144 Notes Receivable 45144 Notes Recelvable 43200 Interest Receivable 1080 Interest Revenue 864 Cash 45144

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
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Windsor, Inc. lends Flint industries $43200 on August 1, 2022, accepting a 9-month, 6% interest ncte. If Windsor, Inc. accrued interest at its December 31, 2022 year-end, what entry must it make to record the collection of the
note and interest at its maturity date?
e Cash
45144
Notes Receivable
43200
Interest Revenue
1944
Cash
45144
Notes Receivable
45144
Notes Receivable
43200
Interest Receivable
1080
Interest Revenue
864
Cash
45144
Cash
45144
Notes Receivable
43200
Interest Receivable
1080
Interest Revenue
864
Transcribed Image Text:Windsor, Inc. lends Flint industries $43200 on August 1, 2022, accepting a 9-month, 6% interest ncte. If Windsor, Inc. accrued interest at its December 31, 2022 year-end, what entry must it make to record the collection of the note and interest at its maturity date? e Cash 45144 Notes Receivable 43200 Interest Revenue 1944 Cash 45144 Notes Receivable 45144 Notes Receivable 43200 Interest Receivable 1080 Interest Revenue 864 Cash 45144 Cash 45144 Notes Receivable 43200 Interest Receivable 1080 Interest Revenue 864
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