Adjusting Entries: Accrued Revenues Video Lessons

Concept

# Problem: EZ Lawn Equipment sells Jorge a $5,000 mower and accepts a 6 month, 5% note on 11/1/15. Assuming no adjusting entries have been made, how much interest should EZ record as of 12/31? A.$250 B. $125 C.$42 D. $21 ###### FREE Expert Solution ###### Problem Details EZ Lawn Equipment sells Jorge a$5,000 mower and accepts a 6 month, 5% note on 11/1/15. Assuming no adjusting entries have been made, how much interest should EZ record as of 12/31?

A. $250 B.$125

C. $42 D.$21

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