Business, 14.03.2020 01:20 khadythiam6957

On April 1, 2018, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules, which is hurting Shoemaker's business. The supplier explains that it has a temporary lack o unds that is slowing its production cycle Shoemaker agrees to e d 000 its supplier using a 2 month, 11% note. Required 1. The loan of $600,000 and acceptance of the note receivable on April 1, 2018. 2. The adjustment for accrued interest on December 31, 2018. 3. Cash collection of the note and interest on April 1, 2019. Record the above transactions for Shoemaker Corporation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 Record the note Note: Enter debits before credits. Date General Journal Debit Credit April 01, 2018

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On April 1, 2018, Shoemaker Corporation realizes that one of its main suppliers is having difficulty...

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