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Accounting for Notes ReceivableHonoured and Dishonoured On November 30, 2018, Tucker Products performed computer programming services for Damascus...

Accounting for Notes Receivableā€”Honoured and Dishonoured

On November 30, 2018, Tucker Products performed computer programming services for Damascus Inc. in exchange for a five-month, $75,000, 10% note receivable. Damascus Inc. paid Tucker the full amount of interest and principal on April 30, 2019. Tucker has a December 31 year-end.

Required:

a) interestĀ receivable(DEC 31)

b)interest income(DEC 31)

c)allowance for doubtful debt(APRIL 30)

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