Answered You can hire a professional tutor to get the answer.
Below is my assignment, can I please get some help with it?
Below is my assignment, can I please get some help with it? I think I know it I just doubt myself. Thank you On July 10, 2010, Harris Co. sold a machine to Jackson. On July 15, 2010, Harris accepted a $35,000 non-interest-bearing note from Jackson that was due July 10, 2013. Harris carried the machine on its books at a cost of $30,000 with a book value of $22,000. The fair value of the machine and the note was not known at the time of the sale; however, Harris' incremental borrowing rate was 10%.Prepare the following journal entries on Harris's books and submit your response in the form of a Word document:Record the sale of the truck.Provide the adjusting entries related to the note at December 31, 2010, December 31, 2011, and December 31, 2012.Provide the collection of the note on July 13, 2013.Prepare the notes portion of Harris's balance sheet as of December 31, 2010, 2011, and 2012.
