Manage Overdue Customer Account
Manage Overdue Customer Account
13
On December 21, when the note matures,
the firm receives $6060 from W. A. Bunn
Company ($6,000 plus $60 interest).
2008
Dec. 1 Notes Receivable. 4 000 00
Accts. Receivable. 4 000 00
Accepted note in
settlement of account.
15
9-6
On March 1, 2009, $4,120 is received for the
note ($4,000) and interest ($120).
2009
Mar. 1 Cash 4 120 00
Notes Receivable. 4 000 00
Interest Receivable 120 00
16
d ! ! !
e n ! !
e u !
T h o
k y
a n
Th