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Business, 15.04.2020 19:26 ashleybarrera2000

Android Products, Inc., agreed to accept a $1,000, one-year, 10 percent note from C. Mate. On its maturity date of December 16, 2015, Mate honors the note by making a payment of $1,100. That payment consisted of the principal of $1,000 plus interest in the amount of $100 (computed as $1,000 x 10%). Prepare the necessary December 16 entry for Android by selecting the account names and dollar amounts from the drop-down menus.

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Android Products, Inc., agreed to accept a $1,000, one-year, 10 percent note from C. Mate. On its ma...
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